BOLOGNA, Italy -- Massimo Zanetti Beverage Group has presented a listing request to the Milan Stock Exchange, according to a report by the Reuters news agency. Chairman Massimo Zanetti told Reuters that the public offering will be made this fall. The plan is to list a stake of about 30% on the Milan exchange this fall, in order to continue the company's expansion.
The Zanetti organization, established by the present chairman's grandfather early in the last century, has been growing steadily since the turn of the millennium. In 2006, it formed Massimo Zanetti Beverage USA (Portsmouth, VA) and acquired a number of leading coffee brands from Sara Lee Corp., including Chase & Sanborn, Chock full o'Nuts, Hills Bros. and MJB. Its Segafredo Zanetti coffees are known around the world.
MZB now is active in more than 40 countries, and is seeking to strengthen its footprint in the fast-growing Asian market.