Coffee Holding Co., Inc. Announces the Purchase of Assets of Empire Coffee Company
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Coffee Holding Co., Inc. (NASDAQ: JVA) has acquired the assets of Empire Coffee Company, including inventory, equipment, and intellectual property, for $800,000. A new subsidiary, Second Empire, will manage operations.
November 11, 2024 | 2:15 pm
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Coffee Holding Co. has acquired Empire Coffee Company's assets for $800,000, forming a new subsidiary, Second Empire, to manage operations. This strategic acquisition could enhance Coffee Holding's market position and operational capacity.
The acquisition of Empire Coffee's assets by Coffee Holding Co. is a strategic move that could enhance its market position and operational capacity. The formation of a new subsidiary, Second Empire, indicates a focused approach to integrating and expanding the acquired operations. The purchase price of $800,000 suggests a significant investment, and the new lease agreement for Empire's property further solidifies the commitment to this expansion.
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