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0.00431034482758631 0.00431034482758631 0.00971982758620702 0.00971982758620702 0.0129310344827587 0.0344827586206897 0.0398922413793104 0.0560344827586208
Stock impact report

Coffee Holding Co., Inc. Acquires Comfort Foods Inc.

Coffee Holding Co., Inc. (JVA) 
US:NASDAQ Investor Relations: coffeeholding.com
Company Research Source: Marketwire
STATEN ISLAND, NY -- (Marketwired) -- 02/24/17 -- Coffee Holding Co., Inc. ("Coffee Holding" or the "Company") (NASDAQ: JVA) announces the acquisition of Comfort Foods Inc., located in North Andover, Massachusetts, a medium sized regional roaster, manufacturing both branded and private label coffee for retail and foodservice customers located predominantly in the northeast marketplace. In connection with the acquisition, the Company paid $2.3 million for 100% of the capital stock of Comfort Foods which had approximately $7.3 million in trailing twelve month revenues. Comfort Foods was incorporated in August 1992 as a distributor of quality gourmet coffee in distinctive expanded canisters. The use of 100% Arabica beans in patented, trademarked expanded canisters has positioned Comfort Foods' Harmony Bay brand as a premium coffee at a competitive price point. Multiple coffee profiles are available to customers in their trademarked cans in sizes ranging from 10-48oz throughout t Show less Read more
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