Royal Cup to Acquire US Tea-and-Coffee Peer Farmer Brothers in All-Cash Deal

Royal Cup Coffee & Tea has agreed to acquire US roaster and distributor Farmer Brothers Coffee in an all-cash deal worth $1.29 per share. The deal will create a national organisation with enhanced manufacturing, production, and distribution capabilities. Royal Cup will acquire Farmer Brothers' shares and the deal is expected to close in Q2, subject to shareholder approval and customary closing conditions.