"Royal Cup paid $1.29 in cash per Farmer Brothers share, resulting in a total payout of approximately $28.3 million, including payments tied to restricted stock units and other stock-based awards."
"This highly complementary acquisition accelerates Royal Cup's strategy to build a scaled, national platform in the coffee industry, according to Wali Bacdayan, a partner at Braemont Capital."
"Farmer Brothers brings a portfolio of brands including Boyd's Coffee, SUM>ONE Coffee Roasters, West Coast Coffee, Cain's and China Mist, expanding Royal Cup's national reach."
Royal Cup Coffee and Tea has acquired Farmer Brothers Coffee Co., uniting two historic U.S. coffee companies. The acquisition was approved by Farmer Brothers stockholders and took the company private. Royal Cup paid $1.29 per share, totaling approximately $28.3 million. This acquisition enhances Royal Cup's presence in various channels, including foodservice and retail. Farmer Brothers contributes several brands to Royal Cup's portfolio. The deal was supported by Braemont Capital, which has backed Royal Cup's growth strategy since its investment.
Read at Daily Coffee News by Roast Magazine
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