Farmer Bros. Co. Receives SQF Certification
March 05 2018 - 8:00AM
Farmer Bros. Co. (NASDAQ:FARM) (“Farmer Brothers” or the
“Company”), a national coffee roaster, wholesaler and distributor
of coffee, tea, and culinary products, today announced that its
state-of-the-art Northlake, Texas facility has received Safe
Quality Food (SQF) Certification. Required by many of Farmer
Brothers’ national customers, SQF Certification marks an important
step that will allow Farmer Brothers the production platform to
significantly increase volume for national customers as needed.
“We take the safety and quality of our products very seriously
and our SQF Certification is an example of why our customers put
their trust in Farmers Bros. and the products we sell,” said Mike
Keown, President and CEO. “This important certification is another
way in which we are more strongly positioning ourselves in the
industry. We look forward to leveraging the investment in our
Northlake facility, as we ramp up volumes to generate associated
margin improvement along with top-line growth.”
Added Ellen Iobst, Chief Operations Officer, "We have a strong
record of SQF scores at our plants in Houston and Portland, and are
pleased that this now applies to our new facility as well. This
certification affirms our commitment to rigorous food safety
standards as we work to substantially increase coffee volume in
fiscal 2018 and beyond.”
SQF is a Global Food Safety Initiative-based system that
strengthens Farmer Bros.’ commitment to supply safe quality coffee
products and comply with food safety legislation. Obtaining
certification serves as a guarantee to the Company’s customers that
the products sold meet the highest food safety standards.
ABOUT FARMER BROS.
Founded in 1912, Farmer Bros. Co. is a national coffee roaster,
wholesaler, and distributor of coffee, tea, and culinary products.
The Company's 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 serves a wide
variety of customers, from small independent restaurants and
foodservice operators to large institutional buyers like restaurant
and convenience store chains, hotels, casinos, healthcare
facilities, and gourmet coffee houses, as well as grocery chains
with private brand coffee and consumer-facing branded coffee and
tea products.
Headquartered in Northlake, Texas, Farmer Bros. Co. generated
net sales of over $540 million in fiscal 2017 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®, China Mist® and
Boyds®.
Forward-looking Statements Certain statements
contained in this press release are “forward-looking statements”
within the meaning of federal securities laws and regulations.
These statements are based on management's current expectations,
assumptions, estimates and observations of future events and
include any statements that do not directly relate to any
historical or current fact. These forward-looking statements can be
identified by the use of words like “anticipates,” “estimates,”
“projects,” “expects,” “plans,” “believes,” “intends,” “will,”
“could,” “assumes” and other words of similar meaning. Owing to the
uncertainties inherent in forward- looking statements, actual
results could differ materially from those set forth in
forward-looking statements. The Company intends these
forward-looking statements to speak only at the time of this press
release and does not undertake to update or revise these statements
as more information becomes available except as required under
federal securities laws and the rules and regulations of the
Securities and Exchange Commission (“SEC”). Factors that could
cause actual results to differ materially from those in
forward-looking statements include, but are not limited to, the
appeal of the SQF certification to customers, the capacity to meet
the demands of the Company’s large national account customers, the
extent of execution of plans for the growth of Company business,
fluctuations in availability and cost of green coffee, competition,
changes in consumer preferences, business conditions in the coffee
industry and food industry in general, the Company's continued
success in attracting new customers, as well as other risks and
other factors described from time to time in the Company's filings
with the SEC.
Media Contacts:Joele Frank, Wilkinson Brimmer
KatcherLeigh Parrish / Amy Feng, 212-355-4449
Farmer Brothers (NASDAQ:FARM)
Historical Stock Chart
From Aug 2024 to Sep 2024
Farmer Brothers (NASDAQ:FARM)
Historical Stock Chart
From Sep 2023 to Sep 2024