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0.00136701337295689 0.00742942050520057 0.00742942050520057 0.00742942050520057 -0.0163447251114414 0.00288261515601784 -0.00445765230312039 0.0218127786032689
Stock impact report

Coffee Holding Co., Inc. Announces the Purchase of Assets of Empire Coffee Company

Coffee Holding Co., Inc. (JVA) 
US:NASDAQ Investor Relations: coffeeholding.com
Company Research Source: GlobeNewswire
Staten Island, NY, Nov. 11, 2024 (GLOBE NEWSWIRE) -- Coffee Holding Co., Inc. (NASDAQ: JVA) (“Coffee Holding”), a publicly traded integrated wholesale coffee roaster and dealer located in the United States announced today that it purchased all of the assets of Empire Coffee Company (“Empire”) based in Port Chester, NY. The purchase was made under Article 9 of the UCC and consists of Empire’s inventory, equipment, accounts receivable, customer list and all intellectual property. To facilitate the purchase, Coffee Holding created a new wholly owned subsidiary named Second Empire. Operations will be conducted by Second Empire. The purchase price of $800,000 was negotiated between Coffee Holding and Empire’s former lender and was paid on November 7, 2024. Coffee Holding also entered into a new lease for Empire’s property on the same day. “We have known the principals at Empire for over forty years,” said Andrew Gordon, President and CEO of Coffee Holding. “Unfortunately, Empire never f Show less Read more
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