Lavazza reaches deal to buy Mars Drinks

(ANSA) - Turin, October 1 - Italian coffee group Lavazza has reached an agreement to buy Mars Drinks, Flavia and Klix drink machine systems, which generated revenue of approximately 350 million dollars in 2017, with about 900 employees. The move is part of Lavazza's expansion strategy in key markets such as North America, Germany, the UK and France. The deal is expected to close by the end of 2018.