Coffee Holding Terminates Merger Agreement With Delta Corp. Holdings - Quick Facts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 24 2024
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Should l Buy JVA?
Source: Business Insider
- Coffee Holding Co. Terminates Merger Agreement: Coffee Holding Co. announced the termination of the merger agreement with Delta Corp. Holdings Limited, which was initially announced on September 30, 2022.
- Reason for Termination: The decision to terminate the merger agreement was made after facing challenges in getting shareholder approval for the merger with Delta.
- CEO Statement: Andrew Gordon, CEO of Coffee Holding, mentioned that despite efforts over two years to finalize the merger, the board decided to end the agreement and proceed as an independent company.
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About JVA
Coffee Holding Co., Inc. is an integrated wholesale coffee roaster and dealer located in the United States. The Company’s core products can be divided into three categories: Wholesale Green Coffee, Private Label Coffee and Branded Coffee. Wholesale Green Coffee is unroasted raw beans imported from around the world and sold to large and small roasters and coffee shop operators. Private Label Coffee is coffee roasted, blended, packaged and sold under the specifications and names of others, including supermarkets that want to have their own brand name on coffee to compete with national brands. Branded Coffee is a coffee roasted and blended to its own specifications and packaged and sold under its eight proprietary and licensed brand names in different segments of the market. Its private label and branded coffee products are sold throughout the United States and certain countries in Asia to supermarkets, wholesalers and individually owned and multi-unit retail customers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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