Farmer Bros. Completes Acquisition of Sara Lee”s Direct-Store Delivery Coffee Business

The $45 million acquisition makes Farmer Bros. the nation’s largest direct-store delivery business for coffee and allied products, with service to all 48 mainland states.

“We are pleased to welcome more than 20,000 customers and 700 employees to Farmer Bros.,” said Rocky Laverty, President and Chief Executive Officer. “We are looking forward to successfully integrating our businesses and profitably capitalizing on this once-in-a-lifetime opportunity for market leadership.”

The acquisition is being financed with cash and a credit line from Wachovia Bank. Kerlin Capital Group, LLC of Los Angeles acted as financial advisor for Farmer Bros. in the transaction, and Anglin, Flewelling, Rasmussen, Campbell & Trytten LLP was legal advisor for Farmer Bros.

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