Farmer Bros. to buy a hunk of Sara Lee's coffee business


	Farmer Bros. to buy a hunk of Sara Lee's coffee business

BirdBarista

12-4-2008 3:07 PM

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/db5070f0-e74a-4e19-841c-fbe9df31c1a7/63FECA52-7943-4C2D-B02C-9442E4AA9039/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.latimes.com/business/la-fi-coffee4-2008dec04,0,1385305.story" href="http://www.latimes.com/business/la-fi-coffee4-2008dec04,0,1385305.story" style="font-size: 11px;">www.latimes.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.latimes.com/business/la-fi-coffee4-2008dec04,0,1385305.story"><DIV>In an effort to jump-start its long-struggling commercial coffee operations, Farmer Bros. Co. has agreed to acquire the Superior Coffee brand and sales network, almost doubling the size of its business. </DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.latimes.com/business/la-fi-coffee4-2008dec04,0,1385305.story">The $45-million purchase from food giant Sara Lee Corp. would give Torrance-based Farmer Bros. annual revenue of about $500 million, a large roasting plant in Houston and a distribution and spice facility in Oklahoma City. </blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.latimes.com/business/la-fi-coffee4-2008dec04,0,1385305.story"><DIV>In addition to Superior Coffee, Farmer Bros. would pick up the Cain's, Ireland, Justin Lloyd, McGarvey, Metropolitan, Prebica, Suntipt (U.S. only), Wechsler, Cafe Royal and Royal Kona coffee brands from Sara Lee. </DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.latimes.com/business/la-fi-coffee4-2008dec04,0,1385305.story"><DIV>Sara Lee said earlier this year that it planned to sell the portion of its coffee business that it calls U.S. Direct Store Delivery Foodservice. The division had revenue of $228 million during the 2008 fiscal year. Sara Lee will hold on to its Douwe Egberts and Java Coast brands -- about $400 million worth of business.</DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/63FECA52-7943-4C2D-B02C-9442E4AA9039/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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