Sunday 05 February 2023

Riverview approves business combination transaction with Westrock Coffee Holdings

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MEMPHIS, Tenn., USA – Riverview Acquisition Corp., a publicly traded special purpose acquisition company, announced that at a stockholder special meeting held today, Riverview’s stockholders voted to approve its proposed business combination with Westrock Coffee Holdings, LLC (“Westrock Coffee”), a leading integrated coffee, tea, flavors, extracts, and ingredients solutions provider.

At the special meeting, a total of 24,469,389 shares of common stock, or 78.3% of Riverview’s issued and outstanding shares of common stock as of August 3, 2022, the record date of the special meeting, were present either in person electronically or represented by proxy. Holders of 23,428,049 shares of common stock, or 75.0% of the outstanding common stock of Riverview, voted for the business combination.

The business combination is expected to close on August 26, 2022, and the combined company’s common stock is expected to begin trading on Nasdaq on August 29, 2022, under the new ticker symbol, “WEST.”

About Westrock Coffee

Westrock Coffee Holdings, LLC is a leading integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the U.S., providing coffee sourcing, supply chain management, product development, roasting, packaging, and distribution services to the retail, foodservice and restaurant, convenience store and travel center, CPG, non-commercial and hospitality industries around the world. With offices in 10 countries, the company sources coffee and tea from 35 origin countries.

About Riverview Acquisition Corp.

Riverview Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. Management is led by Chief Executive Officer R. Brad Martin, President Charles K. Slatery, and Chief Financial Officer Will Thompson.

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