Peet's to build new coffee roasting facility in California
November 29, 2005
by FoodBusinessNews.net Staff
EMERYVILLE, CALIF. — Peet’s Coffee & Tea, Inc., a specialty coffee roaster and marketer, has selected The Waterfront at Harbor Bay Business Park in Alameda, Calif., as the site of its new 135,000-square-foot coffee roasting and distribution facility. The new facility is intended to support the company’s long-term growth plans by helping to meet the growing customer demand for Peet’s coffees and teas.
"We are excited to build a facility that we believe can meet our Western U.S. growth needs for the foreseeable future and feel comforted in doing so just six miles from our existing roasting plant, which will allow us to retain our dedicated Peet’s employees," said Patrick O’Dea, president and chief executive officer of Peet’s.
Construction is scheduled to begin April 2006 with completion December 2006. Relocation of Peet’s roasting and distribution operations to the new facility is expected to be completed by the end of March 2007. The cost of this phase of the project, which includes both land and construction related costs, is estimated at more than $17 million, with total costs once completed, of approximately $24 million.