Royal Cup Closes Purchase of Farmer Brothers, Taking the Coffee Roaster Private
The deal builds a larger route-based coffee and tea service network under Royal Cup’s private ownership.
Overview
- The acquisition, which closed Tuesday, gives Royal Cup all Farmer Brothers shares at $1.29 each.
- Farmer Brothers stockholders approved the merger at a special meeting on Friday, May 1.
- Leadership shifts with Royal Cup CEO Chip Wann leading the combined business as Farmer Brothers CEO John Moore, CFO Vance Fisher, and VP and general counsel Jared Vitemb exit.
- The combined company will operate under the Royal Cup name with headquarters in Birmingham, Alabama.
- Farmer Brothers leaves public markets as NASDAQ trading in its shares was halted before the open on May 5, and its brands and delivery routes move into Royal Cup’s national network across foodservice, retail, healthcare, convenience, and private-label channels.