Share your coffee stories with us by writing to info@comunicaffe.com.
FORT WORTH, Texas, USA – Farmer Bros. Co., a leading roaster, wholesaler and distributor of coffee, tea and allied products, today announced it has initiated a process to evaluate strategic alternatives aimed at maximizing shareholder value.
Over the last two years, Farmer Brothers has made significant progress in transforming its operations and improving its business performance.
“Since the 2023 sale of our direct ship business, we have been focused on improving our financial and operational structure and are pleased with the progress we have made.
We believe now is the right time to explore additional options that could allow us to more effectively maximize shareholder value,” said Farmer Brothers Chairman of the Board David Pace.
As part of this process, the company’s board formed a strategy committee, consisting of independent and disinterested directors, to evaluate a broad range of potential strategic alternatives to maximize value for shareholders and make recommendations to the full board.
Farmer Brothers has engaged North Point Mergers and Acquisitions, Inc. as its financial advisor and Winston & Strawn LLP as its legal counsel to work with the board, company and strategy committee as Farmer Brothers evaluates potential opportunities.
The board has not set a timetable for this review process, and there can be no assurance the company’s strategic review process will result in any transaction or other strategic outcome.
The company does not intend to disclose further developments on this strategic review process until it determines such a disclosure is appropriate or necessary.
