Farmer Brothers Announces Agreement To Acquire China Mist Brands, Inc.
“We believe that China Mist is an excellent strategic fit for Farmer Brothers,” commented
Farmer Brothers plans to operate China Mist as an independent subsidiary. China Mist will continue to operate from its
The transaction is expected to close in the second quarter of fiscal 2017 subject to certain closing conditions.
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Founded in 1912,
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Forward-looking Statements
Certain statements in this press release constitute “forward-looking statements.” When used in this press release, the words “will,” “expects,” “anticipates,” “estimates” and “believes,” and similar expressions and statements that are made in the future tense or refer to future events or developments, are intended to identify such forward-looking statements. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding the closing of the proposed acquisition, achievement of the anticipated benefits of the proposed acquisition, the ability of the Company to integrate the proposed acquisition, the risk that any announcements relating to the proposed acquisition could impact the market price of the Company’s common stock, and the risk that the proposed transaction and its announcement could have an adverse effect on the ability of the parties to retain customers and retain and hire key personnel and maintain relationships with their suppliers, distributors and customers.
Investor Contact:Isaac N. Johnston, Jr. (682) 549-6663