Westrock Coffee Company has entered into an agreement to acquire North Carolina-based S&D Coffee & Tea from Cott Corporation.
The transaction is expected to close within the next several weeks and will create an integrated coffee company serving the needs of the retail, restaurant, convenience store and hospitality industries.
“This combination will create the nation’s premier coffee, tea, and extract supplier capable of serving customers across the country and around the world,” claimed Scott Ford, Westrock Coffee Co-founder and CEO.
“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.
“Our combined organisation will seek to lead the industry with our sustainability programme and to accelerate the development of a broadening array of innovative products.”
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.
S&D will remain in Concord, North Carolina, where there are plans to continue expansion of its 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.
Mr Ford said, “We are very pleased 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.”