Farmer Brothers Signs Lease On New Fort Worth, Texas Headquarters
Portfolio Pulse from Benzinga Newsdesk
Farmer Brothers (NASDAQ:FARM) has signed a 54-month lease for a new headquarters in Fort Worth, Texas, as part of its organizational resizing and focus on direct store delivery. The new 25,000-square-foot space will house the executive team and 125-150 support staff. This move follows the sale of its previous Northlake, Texas headquarters to TreeHouse Foods in June 2023 and the centralization of its roasting operations to Portland, Oregon. The company plans to move into the new headquarters by the end of fiscal 2024.

March 26, 2024 | 8:35 pm
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Farmer Brothers has entered into a new lease for its headquarters, signaling a strategic move to resize and focus on direct store delivery after selling its previous facility.
The lease of a new headquarters by Farmer Brothers indicates a positive strategic move towards optimizing its operations and focusing on core areas such as direct store delivery. This could be seen as a positive development by investors, as it shows the company's commitment to efficiency and growth. The sale of its previous facility and centralization of roasting operations are steps towards streamlining its business model, which could lead to improved operational efficiencies and potentially better financial performance in the long term.
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