|To: richardred who wrote (4290)||2/19/2017 4:34:06 PM|
|RE- JVA is just a sip for someone. My stock sit on the back burner for now. |
Farmer Brothers Completes $13.5 Million Acquisition of West Coast Coffee
West Coast Coffee Co. Facebook photo
Texas-based national coffee roaster, wholesaler and distributor Farmer Brothers has acquired Oregon-based roaster and distributor West Coast Coffee Company for $13.5 million, plus a potential $1 million dependent on future performance.
West Coast Coffee will operate as a subsidiary of Farmer Bros. within its direct store delivery (DSD) unit, the companies announced yesterday. West Coast Coffee currently has operations in Oregon, Washington, California and Nevada, with a focus on the convenience store, grocery and foodservice channels through direct and third-party distribution.
According to a Farmer Bros. announcement, WCC will maintain its offices and roasting plant in Hillsboro, near Portland, and the WCC management team — including General Manager James Beckman and Director of Operations Robert Vincent — will continue to run day-to-day operations.
“Their focus on quality products and customer service, combined with their coffee expertise, make the business a great strategic and cultural fit for Farmer Brothers,” Farmer Brothers CEO Mike Keown said in the announcement. “James Beckman and Robert Vinson should be proud of their work building the West Coast Coffee brands across retail and foodservice channels.”
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|To: richardred who wrote (4357)||2/23/2017 12:54:37 PM|
|RE-CTG Impressed with the new board addition and the new compensation package. RE- If the stock price doesn't go up. The board gets nothing. Just guessing down the road. Once changes in the health care system are finalized and implemented. This will lead to less uncertainty and improved business for CTG in it's health care area. There's Lots of stock to purchase under the current BB program. RE:CC The board also considers the stock undervalued at current prices. |
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|To: richardred who wrote (4380)||2/24/2017 10:00:40 AM|
|JVA taking a sip itself. I've seen the product at Walmart. They picked it up at 1/3 revenue. IMO It should help ease the pain of the GMCR coffee loss. |
Coffee Holding Acquires Roaster Comfort Foods for $2.3 Mln
Coffee Holding Co., Inc. (NASDAQ: JVA) announces the acquisition of Comfort Foods Inc., located in North Andover, Massachusetts, a medium sized regional roaster, manufacturing both branded and private label coffee for retail and foodservice customers located predominantly in the northeast marketplace. In connection with the acquisition, the Company paid $2.3 million for 100% of the capital stock of Comfort Foods which had approximately $7.3 million in trailing twelve month revenues.
Comfort Foods was incorporated in August 1992 as a distributor of quality gourmet coffee in distinctive expanded canisters. The use of 100% Arabica beans in patented, trademarked expanded canisters has positioned Comfort Foods' Harmony Bay brand as a premium coffee at a competitive price point. Multiple coffee profiles are available to customers in their trademarked cans in sizes ranging from 10-48oz throughout the United States in various grocers, mass-merchants and specialty stores. In addition, over the past five years, Harmony Bay has introduced its products in its 4-corner flexible packaging bags. These attractive bags are available in various product profiles in volumes of 28-40oz. Comfort Foods also provides roasting and packaging services for various private labels, co-packing and licensing customers.
"We are excited to bring Comfort Foods and its Harmony Bay brand coffee into our already diverse portfolio of strong regional retail coffee brands. The Harmony Bay brand, with its uniquely patented molded canisters and diverse flavor profiles is currently sold in over 1,000 stores and will increase our overall presence and subsequent economies of scale at many of these current retail accounts in the northeast. In addition, through our national platform, we believe we can expand the brand's distribution over a wider marketing area," said Andrew Gordon, President and CEO of Coffee Holding. "In addition, we will once again begin roasting and packaging our products on the east coast in the fully equipped and spacious modern roasting facility we have acquired. In conjunction to closing this transaction, we renegotiated Comfort Foods' prior lease arrangement which will now provide us with both a highly efficient and economical space in which to conduct our roasting and packaging operations for the next ten years. We believe this transaction will create logistical savings for many of our sales transacted on the eastern seaboard and will also increase our competitive advantage at a number of current and potential accounts in the northeast marketing area. We expect the synergistic value of roasting both in Colorado and Massachusetts to translate to higher margins and renewed efficiencies for both current and potential new business."
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|From: richardred||2/24/2017 12:12:20 PM|
|New research buy today DAR. Small buy ahead of earnings. A very greasy business :+ ) I'd possibly be ready to add on disappointment or a beat. Hopefully I won't ever have to cut the fat at a loss. |
P.S. added INGR to the watch list.
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|To: richardred who wrote (4362)||2/24/2017 12:47:50 PM|
|RE- SYKE I incorrectly stated earning was Jan 27. It should have been Feb 27. AMC.|
RE: Buffet style acquisition- Just remember Warren Buffett bought the Scott Fetzer company owner of the Kirby vacuum. If you ever have a Kirby salesmen come to your house ( I have). IMO it's hard to retain employees. Sykes is having a problem with that now.
P.S. A good friend of mine sold them early in his career. In my case. They hit the whole area with a big van dropping off sales people. Guess What, I already had one (With the bell and whistle attachments). :+ ) I've long ago gave it away to someone. I use a Shark now! IMO Kirby's are a nice heavy duty vacuum (commercial), but it's heavy and I never needed it as a drill. LOL
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