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Farmer Bros. Co. Publishes New Investor Presentation and Fact Sheet on Coffee Processing Facility
CoffeeNetwork (New York) - Farmer Bros. Co. (NASDAQ:FARM), a national coffee roaster, wholesaler and distributor of coffee, tea, and culinary products, today published an updated investor presentation as well as a fact sheet about its coffee processing facility in Northlake, Texas that management will review today at the 30th Annual ROTH Conference in Laguna Niguel, California. The investor presentation and fact sheet are both available on the Investor Relations section of the Company’s website at www.farmerbros.com.
The new investor presentation highlights how Farmer Bros. is understanding, leading, building and winning in the business of coffee. In the last five years, Farmer Bros. has transformed from a 100-year-old regional coffee company to a growing and profitable, forward-thinking industry leader championing the coffee culture.
Key Northlake facility facts include:
Receipt of Safe Quality Food (SQF) Certification for coffee processing facility in March 2018. SQF is a Global Food Safety Initiative-based system that strengthens Farmer Bros.’ commitment to supplying safe, quality coffee products and compliance with food safety legislation. The initial term of the certification is for a 12-month period after which the Company expects to apply for recertification on an ongoing basis. The certification builds on the Company’s strong record of SQF scores at its coffee processing facilities in Houston, Texas and Portland, Oregon.
Increases company’s total potential coffee roasting capacity to more than 200 million pounds per year. Northlake can store 400 containers – 16 million pounds – of coffee, has three state-of-the-art roasters and adds one mile of coffee conveyors to Farmer Bros. The coffee processing facility can produce enough coffee to provide the equivalent of approximately one million cups of coffee per day.
Expands distribution capabilities. Northlake’s world-class distribution center is over 315,000 square feet, features more than 23,000 pallet spots, and is currently responsible for 15,000 annual shipments to customers by both truck and rail.
An annual run rate of six million pounds of green coffee roasted and packed by the end of fiscal year 2018.
As previously announced, Farmer Brothers will present at the 30th Annual ROTH Conference in Laguna Niguel, California, today at 2:00 p.m. PT (5:00 p.m. ET). Participating at the conference will be Michael H. Keown, President and Chief Executive Officer, and David G. Robson, Treasurer and Chief Financial Officer. There will be an audio plus slides live webcast, with a replay available for 90 days. To listen to the webcast please click on the link http://wsw.com/webcast/roth32/farm/. A copy of the presentation will also be available on the Investor Relations section of the Company’s website at www.farmerbros.com at the time of the presentation.