Farmer Brothers Completes Deal for West Coast Coffee Co.
NORTHLAKE, Texas — Farmer Brothers Co. has acquired Hillsboro, Ore.-based West Coast Coffee Co. for $13.5 million, plus a performance-based payment of $1.0 million if certain sales levels are achieved in certain subsequent periods.
"We are excited to welcome West Coast Coffee to Farmer Brothers. Their focus on quality products and customer service, combined with their coffee expertise, make the business a great strategic and cultural fit for Farmer Brothers," stated Farmer Brothers CEO Mike Keown. "James Beckman and Robert Vinson should be proud of their work building the West Coast Coffee brands across retail and foodservice channels."
West Coast Coffee is a coffee roaster and distributor that focuses on the convenience store, grocery and foodservice channels. It operates in four states and offers product delivery through both direct store delivery (DSD) and third party distribution.
"West Coast Coffee has built a strong reputation for delivering high-quality coffee with exceptional customer service," stated Robert Vincent, director of operations. "Farmer Brothers is an ideal partner to take the next step in expanding our brands to more customers in the foodservice category."
Farmer Brothers plans to operate West Coast Coffee as a business unit within its DSD organization. West Coast Coffee will maintain its offices and roasting plant in Hillsboro. Its management team, including General Manager James Beckman and Vincent will continue to run day-to-day operations.
Founded in 1912, Farmer Brothers Co. is a national coffee roaster, wholesaler and distributor of coffee, tea and culinary products.