Boyd’s is a privately-held company in business for over 100 years with a national reputation in the coffee industry
Farmer Bros. Co., a national coffee roaster, wholesaler and distributor of coffee, tea and culinary products announced that it has entered into an agreement to acquire substantially all the assets of Boyd Coffee Company (“Boyd’s”) with a combination of cash and stock.
Boyd’s is a privately-held company in business for over 100 years with a national reputation in the coffee industry. Boyd’s business model is expected to be complementary to Farmer Brothers across customer channels, product portfolios and distribution networks, including a high-touch service model of direct-store-delivery. Boyd’s generated revenue of approximately $95 million and processed and sold about 16 million pounds of green coffee during the previous twelve-month period. Boyd’s coffee sales accounted for approximately 65% of revenue with the remainder of revenue primarily coming from other beverages and accessories.