Leading “Brand Behind the Brands” to Expand
Omnichannel Marketing and New Product Development
Westrock Coffee Company (Nasdaq: WEST) (“Westrock Coffee,” or
the "Company”), a leading integrated coffee, tea, flavors,
extracts, and ingredients solutions provider to the retail,
foodservice and restaurant, convenience store and travel center,
non-commercial, CPG, and hospitality industries, announced today
the Company has acquired Bixby Roasting Co. (“Bixby”), a
specialty-grade roaster that is a leader in the emerging
influencer-led brand space. The terms of the transaction were not
disclosed.
The acquisition, which includes Bixby’s roasting facility in Los
Angeles, CA, will continue to expand Westrock Coffee’s omnichannel
product marketing and development resources as it capitalizes on
shifting consumer consumption trends. Bixby co-founders Miles
Fisher and Remington Hotchkiss, both of whom will be joining the
Westrock Coffee senior management team, launched the company in
2017.
“We are delighted to welcome Miles and Remington to the Westrock
Coffee team, their collective insight in sales, product
development, and operational execution will be invaluable to our
expanding list of premium customers,” said Scott Ford, Chief
Executive Officer and Co-founder of Westrock Coffee.
“The emergence of influencer-led brands has created a new sales
channel in the beverage business, and Bixby is at the forefront of
its development,” said Elizabeth McLaughlin, Executive Vice
President of Sales of Westrock Coffee. “Miles and Remington bring a
depth of knowledge on these emerging channels that we are adding to
the Westrock Coffee portfolio, including the co-creation of new
influencer brands that are particularly appealing to young
consumers. We are excited to welcome them to the Westrock Coffee
team and look forward to integrating their talents and ideas into
our portfolio.”
Mr. Fisher will serve as Senior Vice President of Sales while
Mr. Hotchkiss will be named Vice President of Sales.
“Remington and I are thrilled to take our careers and company to
the next level by joining forces with Westrock Coffee,” said Miles
Fisher. “Scott and his team continue to grow with their impressive
customer base and look to serve their customers not only through
traditional private brand offerings but also through the creation
of products for specific customer segments and influencer-based
brands. With the resources and momentum that Westrock Coffee
brings, we are ready to get to work and fuel the product
development and e-commerce offerings of the Company.”
Westrock Coffee is the beverage industry’s “brand behind the
brands,” supplying the world’s most recognized brands with the
world’s most transformative coffee, tea, flavors, extracts, and
ingredients products. From roast and ground coffees to tea and
ready-to-drink beverages, Westrock Coffee offers a comprehensive
list of beverage solutions to the industry.
About Westrock Coffee Company
Westrock Coffee is a leading integrated coffee, tea, flavors,
extracts, and ingredients solutions provider in the U.S., providing
coffee sourcing, supply chain management, product development,
roasting, packaging, and distribution services to the retail,
foodservice and restaurant, convenience store and travel center,
CPG, non-commercial, and hospitality industries around the world.
With offices in 10 countries, the Company sources coffee and tea
from 35 origin countries. For more information, please visit
WestrockCoffee.com.
Forward-Looking Statements
Certain statements in this press release that are not historical
facts are forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995, as amended from
time to time. Forward-looking statements generally are accompanied
by words such as "believe," "may," "will," "estimate," "continue,"
"anticipate," "intend," "expect," "should," "would," "plan,"
"predict," "potential," "seem," "seek," "future," "outlook," and
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters, but the
absence of these words does not mean that a statement is not
forward-looking. These forward-looking statements include, but are
not limited to, certain plans, expectations, goals, projections,
and statements about the plans, objectives, expectations, and
intentions of Westrock Coffee, the anticipated benefits of the
Bixby acquisition, and other statements that are not historical
facts. These statements are based on information available to
Westrock Coffee as of the date hereof, and Westrock Coffee is not
under any duty to update any of the forward-looking statements
after the date of this communication to conform these statements to
actual results. These statements are based on various assumptions,
whether or not identified in this communication, and on the current
expectations of the management of Westrock Coffee as of the date
hereof and are not predictions of actual performance. These
forward-looking statements are provided for illustrative purposes
only and are not intended to serve as and should not be relied on
by an investor, or others, as a guarantee, an assurance, a
prediction, or a definitive statement of fact or probability.
Actual events and circumstances are difficult or impossible to
predict and will differ from assumptions. Many actual events and
circumstances are beyond the control of Westrock Coffee. These
forward-looking statements are subject to a number of risks and
uncertainties, including, but not limited to, changes in domestic
and foreign business, market, financial, political, and legal
conditions; risks relating to the uncertainty of the projected
financial information with respect to Westrock Coffee; risks
related to the rollout of Westrock Coffee's business and the timing
of expected business milestones; the effects of competition on
Westrock Coffee's business; the ability of Westrock Coffee to issue
equity or equity-linked securities or obtain debt financing in the
future; the risk that Westrock Coffee fails to fully realize the
potential benefits of acquisitions or has difficulty successfully
integrating acquired companies; the availability of equipment and
the timely performance by suppliers involved with the build-out of
the Conway, Arkansas manufacturing facility and distribution
center; the loss of significant customers; and those factors
discussed in Westrock Coffee’s registration statement on Form S-1,
which was deemed effective by the United States Securities and
Exchange Commission (the “SEC”) on December 21, 2022, under the
heading “Risk Factors”, and other documents Westrock Coffee has
filed, or will file, with the SEC. If any of these risks
materialize or our assumptions prove incorrect, actual results
could differ materially from the results implied by these
forward-looking statements. There may be additional risks that
Westrock Coffee does not presently know, or that Westrock Coffee
currently believes are immaterial, that could also cause actual
results to differ from those contained in the forward-looking
statements. In addition, the forward-looking statements reflect
Westrock Coffee's expectations, plans, or forecasts of future
events and views as of the date of this communication. Westrock
Coffee anticipates that subsequent events and developments will
cause Westrock Coffee's assessments to change. However, while
Westrock Coffee may elect to update these forward-looking
statements at some point in the future, Westrock Coffee
specifically disclaims any obligation to do so. These
forward-looking statements should not be relied upon as a
representation of Westrock Coffee's assessments as of any date
subsequent to the date of this communication. Accordingly, undue
reliance should not be placed upon the forward-looking
statements.
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Media: ICR for Westrock Coffee: WestrockPR@icrinc.com
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