Westrock Coffee Co., LLC has agreed to acquire S&D Coffee & Tea from Cott Corp. for an undisclosed sum, according to a press release. The transaction is expected to close within the next several weeks and will serve the retail, restaurant, convenience store and hospitality industries. The companies will continue to serve customers under their respective brand names for the foreseeable future. Westrock Coffee will remain headquartered in Arkansas, with its recently enlarged roasting and packaging...
February 1, 2020 by VT Staff
Westrock Coffee Co., LLC has agreed to acquire S&D Coffee & Tea from Cott Corp. for an undisclosed sum, according to a press release. The transaction is expected to close within the next several weeks and will serve the retail, restaurant, convenience store and hospitality industries.
The companies will continue to serve customers under their respective brand names for the foreseeable future. Westrock Coffee will remain headquartered in Arkansas, with its recently enlarged roasting and packaging plant in North Little Rock already earmarked for further expansion. Likewise, the S&D organization in Concord, N.C. will continue as a major center of operations with plans to continue expansion of these facilities.
The new company will employ approximately 1,700 people globally and can roast, grind, and package more than 220 million pounds of coffee annually. The company will also continue to be one of the largest tea suppliers in the US and the leading premium extract supplier to global foodservice and consumer product companies.
"We intend to use the scale of the new company to offer the most innovative beverage solutions with competitive pricing to our global clients while simultaneously providing a premium price to our farmer partners at origin," Scott Ford, Westrock Coffee Co-founder and Chief Executive Officer, said in the press release.