ST. LOUIS – In its third acquisition in less than 12 months, St. Louis-based Ronnoco Coffee has acquired the coffee, tea and condiments business of Love Bottling Company. Located in Muskogee, Okla.
Love distributes coffee, tea, water, soft drinks, snacks and related products to restaurants, offices and convenience stores throughout the state of Oklahoma. The sale closed on January 31.
“The acquisition of Love’s coffee business fits perfectly into our long-term strategic business plan and helps us continue our growth throughout the Oklahoma market,” says Ronnoco chief executive officer Scott Meader in a press release. Love Bottling Company
“We are very excited about this complementary acquisition.”
Love Bottling Company was founded in 1926 by Kit Carson Love in Eufaula, Okla. Ronnoco purchased the coffee, tea and condiment portion of the company from the Love family and will continue to serve their customers in this area of the country.
No employees are a part of the acquisition. The Oklahoma staff of Ronnoco’s wholly-owned subsidiary Henderson Coffee will proudly serve the Love customers in this region.
In November, Ronnoco acquired Henderson Coffee Corporation also located in Muskogee, which manufactures and distributes coffee, tea, and related products and equipment to restaurants, casinos and convenience stores throughout the state of Oklahoma and into the neighboring states of Arkansas, Missouri, and Kansas.
In April 2013, Ronnoco acquired International Blends, another distributor of coffee and related products to convenience stores, restaurants, and offices.
“Over the past 12 months, we have been fortunate to acquire great businesses that fit perfectly with our growth and expansion plans,” Meader added in the press release. “This new year will provide many more exciting opportunities that will take Ronnoco Coffee to the next level and extend our geographic reach.”
Source: [via]
