Coffee Roaster Expands

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By
Muhammed El-Hasan
on March 3, 2009 6:07 PM | | Comments (0) |

Farmer Bros. Co., the Torrance area coffee roaster for commercial and institutional customers, completed its previously announced purchase of Sara Lee Corp.'s U.S. direct-store delivery coffee business known as Foodservice.

The $45 million acquisition makes Farmer Bros. the nation's top direct-store delivery business for coffee and allied products, with service to all 48 mainland states, the South Bay firm said.

Farmer Bros. is financing the deal with cash and a credit line from Wachovia Bank.

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This page contains a single entry by Muhammed El-Hasan published on March 3, 2009 6:07 PM.

Local Firm Buys Part of Another was the previous entry in this blog.

February Job Cuts nearly 700,000 is the next entry in this blog.

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About Biz Waves

Biz Waves is a one-stop Web hub for business news and content from the South Bay region of Los Angeles County and beyond.

The primary contributor is:

Muhammed El-Hasan, a business reporter at the Daily Breeze since 2000, covers aerospace and everything else about business in the South Bay. Muhammed previously reported at the San Bernardino Sun and the community news division of The Orange County Register. He also worked as a researcher in the Jerusalem bureau of the Los Angeles Times in 1996-97. But his career highlight as a young man was driving a forklift at a Gardena company near Hawthorne, where he grew up.

You can email Muhammed at muhammad.el-hasan@dailybreeze.com

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