Farmer Brothers Completes Acquisition of Boyd Coffee Company
October 02 2017 - 4:47PM
Farmer Bros. Co. (NASDAQ:FARM) (“Farmer Brothers” or the “Company”)
a national coffee roaster, wholesaler and distributor of coffee,
tea and culinary products announced today that it has completed the
previously announced transaction to acquire substantially all the
assets of Boyd Coffee Company (“Boyd’s”). Boyd’s is a
privately-held company in business for over 100 years with a
national reputation in the coffee industry and is expected to be
complementary to Farmer Brothers across customer channels, product
portfolios and distribution networks, including a high-touch
service model of direct-store-delivery.
About Farmer Bros. Co.Founded in 1912, Farmer
Bros. Co. is a national coffee roaster, wholesaler and distributor
of coffee, tea and culinary products. Our product lines include
organic, Direct Trade and sustainably-produced coffee. With a
robust line of coffee, hot and iced teas, cappuccino mixes, spices,
and baking/biscuit mixes, the Company delivers extensive beverage
planning services and culinary products to its U.S. based
customers. The Company is a direct distributor of coffee to
restaurants, hotels, casinos, offices, quick service restaurants,
convenience stores, healthcare facilities and other foodservice
providers, as well as private brand retailers.
Headquartered in Northlake, Texas, Farmer Bros. Co. generated
net sales of over $500 million in fiscal 2016 and has approximately
1,600 employees nationwide. The Company's primary brands include
Farmer Brothers®, Artisan Collection by Farmer Brothers™,
Superior®, Metropolitan™, Cain's™, McGarvey® and China Mist®.
Investor Contact:
Laurie Little
The Piacente Group, Inc.
212-481-2050
farmerbros@tpg-ir.com
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