New and Noteworthy.
Nassau Candy Distributors Inc., a Hicksville, N.Y.-based manufacturer, importer and distributor of branded and private label specialty confections and fine foods, said it acquired Denver-based AmuseMints LLC, a mint manufacturer in the souvenir, specialty retail and gifting industries.
The newly formed entity will be Nassau Candy's souvenir division, AmuseMints Sweets & Snacks. The new division will join Nassau Candy's thousands of confectionery, gourmet and natural foods SKUs and will merge its best-in-class manufacturing capabilities with AmuseMints' deep relationships in the souvenir trade, the company said.
Nassau Candy said its goal in joining with AmuseMints is to build a one-stop shop of confectionery and snack products to the souvenir industry.
"We have been looking for a strategic partner in the souvenir industry for quite some time," said Lance Stier, a principal of Nassau Candy. "AmuseMints has a great following in this industry, and we are truly excited to make this the cornerstone of a new souvenir division."
AmuseMints has been a fixture in the souvenir market since 2004. The company's creative packaging (including unique tin shapes), artwork, design library, licensed portfolio and short run custom capabilities have made the company a leader in the souvenir trade, Nassau said, with customers ranging from theme parks, national parks and airports to gift shops, zoos and other tourist destinations.
"My team is excited to become a part of the Nassau Candy family," said Kip Zsupnik Jr., president, AmuseMints. "Our partnership will allow our company to have more than just mints. It will be business as usual except we will have a great deal more to offer our customers. Our goal is to become the largest supplier of confectionery and snack products to the souvenir industry."
Massimo Zanetti Beverage Group to acquire Nutricaf's
Massimo Zanetti Beverage Group S.p.A. (MZBG), an Italian coffee roaster/marketer and parent company to private label supplier Massimo Zanetti Beverage USA, said its board of directors approved the acquisition of Nutricaf's, one of the main players in the Portuguese coffee market, from two private equities: MCH Iberian Capital Fund II, managed by MCH PE, and Portuguese Fund Explorer I, managed by Explorer Investments. The deal is for a total consideration of a[logical not]74.5 million (approximately US $82.6 million) in terms of enterprise value and will be financed through new credit lines provided by the banking system.
Nutricaf's is the third-largest operator in the Portuguese coffee market. The company has a 22 percent market share in Lisbon and an approximately 9 percent market share across Portugal, MZBG said. With its Nicola Caf's and Chave D'Ouro brands and its product and services bundled offering, Nutricaf's currently covers 10,000 clients in foodservice, and 83 percent of retail chains (43.8 percent of sales in fiscal year 2015). In the single-serve capsules compatible market, the company has a 37 percent market share.
MZBG said the acquisition will further reinforce its position in Portugal, where the company is already operating through its subsidiary Segafredo Zanetti Portugal S.A. with the brand Segafredo Zanetti. Following the deal, MZBG said it expects to realize synergies in Portugal, as well as in Spain, where the newly combined organization will serve the markets in a more competitive and effective manner. With this acquisition, it will acquire a production plant in Portugal, which will efficiently provide products to both Portugal and Spanish markets.
Closing will take place in September, the company said.