California's Farmer Bros. coffee company moving HQ to North TexasApril 28, 2015 4:44 pm
Another California company is headed to North Texas.Farmer Bros. Co., a 103-year-old coffee company that is based in Torrance, Calif. said Tuesday that it's moving its headquarters to Denton County.
Farmer Bros. will relocate to a new half-million-square-foot office and distribution center on Interstate 35W near Texas Motor Speedway.
About
300 people will work in the new business complex. The company plans to bring more than two dozen executive and profession workers with it when it starts moving this year from California.
Farmer Bros.' new $40 million headquarters will open in 2016 in Northlake. Northlake and Denton County are providing economic incentives to help pay for the move.
"We are extremely pleased with the support and assistance of the town of Northlake and Denton County along with the effort and spirit of cooperation we experienced working with the officials representing those jurisdictions," Mike Keown, president and CEO of Farmer Bros., said in a statement. "We are working to finalize our plans for relocation, and securing eligibility for incentives represents an important step in our process."
Farmer Bros. has annual sales of more than a
half billion dollars for coffee, tea and culinary products. It's clients include more 60,000 food and beverage outlets. The company has about 1,800 employees.
Farmer Bros. said it will close its long-time facilities in Torrance.
The company also considered moving to Oklahoma City before picking the D-FW area.
"We will relocate our company headquarters to a
state-of-the-art facility in a location central to our nation-wide customer base, and provide incremental manufacturing capacity to support future growth," Keown said when the company in February disclosed its intention to move from California.
Farmer Bros. said
the move to a new headquarters in Texas will result in $12 million to $15 million in annual savings. http://bizbeatblog.dallasnews.com/2015/04/california-coffee-company-moving-hq-to-north-texas.html/
