By Luisa Potenza
MILANO, ITALY-- The popular Italian coffee maker, Lavazza, said it would purchase seven percent of the United States based coffee company, Green Mountain Coffee Roasters, for $250 million dollars.
The two companies intend to work together to build and market espresso machines and single-serve capsules designed by the Italian company. United States authorities are expected to approve the deal.
Green Mountain Coffee Roasters sells more than a hundred specialty coffee brands in the US and Canada and is one of the leaders in the sale of espresso machines in North America. Lavazza said the deal is the biggest they have ever made outside of Italy.
