Coffee Bean International

Coffee Bean International, a Fast-Growing Roaster of Specialty Coffees, Announces New Ownership

April 31, 2007

Coffee Bean International today announced that it has been acquired by Farmer Bros. Co. (Nasdaq: FARM). Founded in Portland in 1972, Coffee Bean Intl (“CBI”) is one of North America’s first roasters of specialty coffees. It is regarded as one of the industry’s premier roaster/wholesalers, focusing on the upper end of the quality spectrum. Farmer Bros. is a coffee industry pioneer, providing coffee and allied products to the food service industry since 1912.

“Our unique company has grown into one of the largest specialty roasters in the U.S., notably without changing the way we roast coffee or the quality of the coffee that we produce,” said Patrick Criteser, the President and CEO of Coffee Bean Intl. “With the support and resources of Farmer Bros., we will be better positioned to achieve our vision of becoming the world’s preeminent wholesale specialty roaster.” Read More