Westrock Coffee Company has finalized its acquisition of a North Carolina coffee and tea company.
In late January, Westrock Coffee announced it had entered into an agreement to purchase S&D Coffee & Tea in a $405 million all-cash deal. Westrock Coffee bought S&D from Cott Corporation, which owns Mountain Valley Spring Company.
The acquisition has closed on schedule according to previously announced estimates. At the time of the agreement announcement, Westrock officials said the deal was expected to close within the first quarter of 2020.
“We are very pleased to complete the transaction on schedule, and our integration process is under way,” Scott Ford, Westrock Coffee Company co-founder and chief executive officer, said in a statement. “We are focused on creating innovative, quality products for our customers while continuing our combined commitment to delivering superior customer service across the entire supply chain – from crop to cup.”
BBH Capital Partners, The Stephens Group and Meaningful Partners, as well as Westrock’s existing investors, provided acquisition capital for the deal.