Westrock Coffee Company has participated in an agreement to acquire North Carolina-based S&D Coffee & Tea from Cott Corporation.
The transaction is anticipated to finalize within the next several weeks and will create an integrated coffee company serving the requirements of the retail, restaurant, corner store, and also hospitality industries.
” This combination will create the nation’s premier coffee, tea, and remove supplier with the ability to serve customers across the country and worldwide,” claimed Scott Ford, Westrock Coffee Co-founder, and CEO.
” We plan to utilize the scale of the new business to provide one of the most ingenious beverage solutions with competitive rates to our worldwide clients while at the same time giving a cost price to our farmer companions at the origin.
” Our consolidated organization will certainly look to lead the industry with our sustainability program and to accelerate the growth of a broadening selection of innovative items.”
The companies will undoubtedly continue to serve customers under their corresponding brand 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 additional expansion.
S&D will remain in Concord, North Carolina, where there are plans to continue the expansion of its facilities.
The new company will employ approximately 1,700 people worldwide and can roast, grind, and package greater than 220 million pounds of coffee annually.
Mr. Ford said, “We are delighted that following the closing of the transaction, S&D President and CEO Ron Hinson (shown here) will remain as an advisor to the new, combined organization as Chairman Emeritus.
” We value Ron’s extensive industry knowledge and deep relationships amassed over his 41 years at S&D. We admire how S&D has grown and evolved during his tenure.”
