Coffee Holding Company Buys Colorado Roasting Plant for $900KDaily Coffee News by Roast Magazine
The Espresso Holding Firm manufacturing facility in La Junta, Colorado. Google Maps picture.
The Espresso Holding Firm, primarily based within the state of New York, has purchased a plant in Colorado that has housed the biggest roasting operation since 2005.
The publicly traded, Staten Island-based roasting, packaging, and buying and selling firm purchased the 56,000-square-foot meals manufacturing and storage facility on Freeway 50 within the small city of La Junta in southeast Colorado for $ 900,000.
In an announcement of the acquisition, which included a number of contiguous acres, Espresso Holding Firm CEO Andrew Gordon mentioned the transaction would save greater than $ 100,000 in rental funds to the town yearly whereas refining and refining the corporate’s bodily actions may develop.
“The enlargement of this facility, which we hope will start by late calendar yr 2021, will enable us to consolidate operations right here in La Junta, which we consider will get rid of price duplicates and overheads at our different places,” mentioned Gordon in an organization announcement.
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Gordon added that the consolidation of the La Junta roaster will seemingly enhance the corporate’s freight prices associated to delivery espresso merchandise to the east coast, however recommended that “the entire price financial savings will far exceed any potential will increase.”
Espresso Holding Firm, which final yr owned 49% of Ohio-based CBD beverage firm The Jordre Effectively and purchased Wisconsin’s Steep N Brew for $ 2.85 million in 2018, at present operates roasting operations in La Junta and Staten Iceland.
The corporate, which provides a variety of roasted, packaged espresso merchandise direct to customers, in addition to to wholesale and personal label prospects, additionally owns Concord Bay Espresso (primarily based in Andover, Massachusetts), inexperienced espresso retailer Natural Merchandise Buying and selling Co. (primarily based in Vancouver). , Washington) and the Sonofresco store roaster model (primarily based in Burlington, Washington).
Nick Brown
Nick Brown is the editor of Roast Journal’s Day by day Espresso Information. Suggestions and story concepts are welcome at writer (at) dailycoffeenews.com or the About Us web page for contact info.
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