Coffee Holding Co Inc

NASDAQ:JVAUnited States

Nov 11, 2024

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• Coffee Holding Buys Empire Coffee Assets for $800,000, from 9:52AM ET on Monday Nov 11, 2024 by MT Newswires

  9:52AM ET on Monday Nov 11, 2024 by MT Newswires
  Companies Mentioned: JVA
  09:52 AM EST, 11/11/2024 (MT Newswires) -- Coffee Holding (JVA) said Monday it has purchased all assets of Empire Coffee for $800,000 via a new subsidiary, Second Empire. The acquisition covers Chester, New York-based Empire Coffee's inventory, equi...

• Coffee Holding Co., Inc. Announces the Purchase of Assets of Empire Coffee Company, from 9:00AM ET on Monday Nov 11, 2024 by Dow Jones

  9:00AM ET on Monday Nov 11, 2024 by Dow Jones
  Companies Mentioned: JVA
  
  Staten Island, NY, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Coffee Holding Co., Inc. (NASDAQ: JVA) ("Coffee Holding"), a publicly traded integrated wholesale coffee roaster and dealer located in the United States announced today that it purchased all of the assets of Empire Coffee Company ("Empire") based in Port Chester, NY. The purchase was made under Article 9 of the UCC and consists of Empire's inventory, equipment, accounts receivable, customer list and all intellectual property. To facilitate the purchase, Coffee Holding created a new wholly owned subsidiary named Second Empire. Operations will be conducted by Second Empire. The purchase price of $800,000 was negotiated between Coffee Holding and Empire's former lender and was paid on November 7, 2024. Coffee Holding also entered into a new lease for Empire's property on the same day.