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Today, the company operates some 30 Canadian stores under the Timothy's name. Timothy's also operates a wholesale coffee business, supplies office coffee service companies, packages coffee in K-Cups for Keurig home and office brewers, and has a distribution program in large chain hotels, grocery stores, sports clubs and similar venues.
The brothers began purchasing regional wholesale grocery companies to supplement Continental Coffee's national coffee business. In 1970, Continental Coffee Company went public. In 1973, Continental Coffee Company changed its name to CFS Continental, Inc. to reflect the growing importance of foodservice to their traditional coffee business. [1]
Tully sold its North American wholesale coffee-bean distribution business, brand (which it licensed back for $1/year in perpetuity), and roasting operation to Green Mountain Coffee Roasters in 2009, earning $40.3 million in the deal, allowing the company to pay off 100% of its debt, including trade debt, make a cash distribution to shareholders, and maintain substantial cash reserves for the ...
Taking Care of Business. While most of us make a pit stop to pick up pre-made meals, party food, or just regular groceries at our local Costco, far fewer of us head to a Costco Business Center ...
Until July 2013, the company was known as Alterra Coffee Roasters. Colectivo roasts its coffee and makes all its food products in Milwaukee and is known nationwide as a wholesale coffee supplier. [1] On July 28, 2013, Alterra announced a rebrand to the new name Colectivo Coffee. The Alterra Coffee brand was sold to Mars Inc in April 2010.
In March 2009, it purchased Seattle-based Tully's Coffee brand and its wholesale coffee business for $40.3 million. [31] [35] In November 2009, it acquired the wholesale division of Canadian coffee provider Timothy's World Coffee for $157 million. [36] In December 2009, it purchased the California-based Diedrich Coffee for $290 million. [37]
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