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Lavazza Coffee purchases Mars Drinks

Lavazza Coffee and Mars recently announced the agreed sale of the Mars Drinks division to Lavazza with an estimated worth of $650M.

Lavazza will use Mars Drinks' foothold in the Office Coffee Services & Vending Machine Segments to further their global reach.

This acquisition is the latest in a string of strategic purchases that have seen Lavazza boost its revenue above 2 Billion Euros between 2015 and 2017.

Find out more here.