AP NEWS

Arkansas-based Westrock Coffee to acquire NC company

January 31, 2020 GMT

LITTLE ROCK, Ark. (AP) — Arkansas-based Westrock Coffee Company will acquire North Carolina-based S&D Coffee & Tea in a deal worth $405 million, the company announced Friday.

Westrock Coffee said it will be headquartered in Little Rock, and the company will employ 1,700 people globally.

S&D Coffee & Tea, based in Concord, N.C., manufactures and supplies coffee and tea for restaurants and convenience stores.

“This is tremendous news for our company and a validation of the work we’ve been doing for our customers and the growers who support our business,” said Westrock CEO Scott Ford, formerly the CEO of Alltel Corp. “It’s going to be great news for Little Rock down the road as we work with our new team members to expand our growth organically and through acquisitions.”

Ford said the transaction is expected to close by March 1.

Westrock primarily serves retailers including Walmart, Sam’s Club and CVS, the Arkansas Democrat-Gazette reported.