Lavazza considering new acquisitions (translated)
16 JAN 2017
Lavazza, a private Italian coffee group, is considering new acquisitions, according to the Italian newspaper La Repubblica Affari e Finanza. The report cited Antonio Baravalle, Lavazza’s chief executive, who said in an interview with the newspaper that his group aims to have EUR 2bn turnover in 2020 and it has not ruled out further acquisitions.
Lavazza recently acquired its French competitor Carte Noir for EUR 700m, noted the item.
Lavazza posted EUR 1.7bn revenues in 2016.