Coffee Service

Westrock Coffee to go public

Image provided by iStock.

April 4, 2022

Westrock Coffee Holdings LLC plans to go public via a business combination with Riverview Acquisition Corp., which values the Company at approximately $1.086 billion, according to a press release.

The business combination will allow Westrock Coffee to accelerate the build-out of its U.S. roasting to ready-to-drink facility, as well as the company's further expansion into Europe, Asia Pacific and the Middle East.

Upon the closing of the transaction, the combined company will be named Westrock Coffee Co. and is expected to be listed on the Nasdaq under the ticker symbol "WEST."

The company is led by Chief Executive Officer and co-founder Scott Ford, previously president and CEO of Alltel Wireless. Riverview is led by its chairman and CEO, R. Brad Martin, the retired chairman and CEO of Saks Inc. and current board member of FedEx Corp. and Pilot Co.

Westrock Coffee acquired S&D Coffee & Tea from Cott Corp. in 2020.