Reily Foods buys New England Tea & Coffee
Reily Foods buys New England Tea & Coffee
US-based Reily Foods has acquired New England Tea & Coffee Company, for an undisclosed amount, in a move to boost coffee distribution in the country.
New England Coffee markets bagged coffees, flavored coffees and has one of the fastest growing single pod coffees on the market.
The New England Tea & Coffee Company will continue its day-to-day operations including all production and distribution activities.
Reily Foods president and chief executive officer David Darragh said that New England Coffee and Reily Foods are both multi-generation, family-owned companies with many shared values.
"We look forward to working with all of the New England Coffee Company employees to achieve strong growth and expanded opportunities," added Darragh.
New England Coffee will be an addition to Reily Foods' roasting capacity and packaging capabilities, creating a network of three strategically located roasting facilities.
Source: Drinks Business Review
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