Coffee Holding buys Organic Products Trading Co.
May 18, 2010
by Eric Schroeder
STATEN ISLAND, N.Y. — Coffee Holding Co., Inc. has acquired substantially all of the assets, including inventory, trademarks and supply-chain relationships, of Vancouver, Wash.-based Organic Products Trading Co. (OPTCO). Organic Products Trading works directly with coffee farmers in South America and Central America to develop and import certified organic green specialty coffee that is sold directly to small- and medium-sized roasters throughout the United States and Canada. The company has annual revenues of approximately $10 million.
“We are excited and pleased to announce the addition of OPTCO into Coffee Holding Co.,” said Andrew Gordon, president and chief executive officer of Coffee Holding Co. “OPTCO’s core business, the contracting and selling of high end quality organic and Fair Trade Arabica coffees to roasters located throughout North America, is highly complementary to our existing current business strategy.”
Mr. Gordon said the transaction will be immediately accretive to both sales and earnings and that the synergies between the two companies will help accelerate return on investment for this transaction.
“Our mutual customer bases will now be merged into one enhancing our already solid position as one of the largest purveyors of specialty green coffee in the U.S. today,” he said.
Coffee Holding is a wholesale coffee roaster and dealer in the United States, offering a broad array of coffee products across the entire spectrum of consumer tastes, preferences and price points. The company’s private label and branded coffee products are sold throughout the United States, Canada and abroad to supermarkets, wholesalers, and individually owned and multi-unit retail customers.