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Lavazza boosts Green Mountain tie

Additional $105mn investment aimed to strengthen U.S. market

21 February, 16:46
Lavazza boosts Green Mountain tie (ANSA) - Turin, February 21 - Italian coffee producer Lavazza has announced plans to strengthen its relationship with U.S.-based Green Mountain Coffee Roasters through an additional $105 million investment that confirms the Turin-based firm's interest in strengthening its presence in North America. "At times of economic recession, few companies invest", Lavazza Chief Executive Antonio Baravalle told ANSA. "We decided to do so, with the objective of strengthening our presence in the U.S."
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