NuZee And Farmer Brothers Announce Manufacturing Partnership
PR86454
PLANO, Texas and NORTHLAKE, Texas, Nov. 5, 2020 /PRNewswire=KYODO JBN/ --
NuZee, Inc. (d/b/a Coffee Blenders(R)) (NASDAQ: NUZE) ("NuZee" or "the
Company"), a leading U.S. producer of specialty single serve pour-over pouches
and tea bag coffee pouches, and Farmer Bros. Co. ("Farmer Brothers"), today
announced a strategic partnership under which Farmer Brothers will provide
access to manufacturing capacity as NuZee continues to roll out innovative
coffee and tea products in the U.S.
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Under the agreement, NuZee may place up to 50 co-packing machines in Farmer
Brothers' 500,000 square foot, SQF-certified, zero waste facility in Northlake,
Texas. These machines would ultimately have the capacity to produce up to 300
million single serve tea bag, coffee pouches and pour over drip cups. By pairing
Farmer Brothers' sophisticated manufacturing and distribution capability with
NuZee's technical expertise and products with proven demand in Asia, the partnership
is expected to accelerate the scale-up in the U.S. and efficient delivery of NuZee's
innovative products to coffee companies and branded businesses.
Masa Higashida, President and CEO of NuZee, said, "I am very excited to have
Farmer Brothers as our manufacturing partner and believe by combining our
expertise and capabilities we will be able to change the way single serve
coffee is enjoyed in America. Our partnership features a shared commitment to
sustainable practices that I believe will resonate with NuZee's direct
customers and consumers across the nation as they continue to look for
environmentally friendly and convenient ways to enjoy the products they love.
Farmer Brothers' leadership vision aligns well with ours, and together, I
believe we will be able accomplish our goals."
Deverl Maserang, Farmer Brothers President and CEO said, "We are delighted to
partner with NuZee in helping to scale their innovative products and
well-recognized brands in the U.S. By leveraging our manufacturing and
distribution capabilities the agreement provides Farmer Brothers with
incremental cost leverage and upside opportunity as NuZee builds its success in
the U.S. Partnering with NuZee also is consistent with our demonstrated
commitment to sustainable sourcing, production and distribution of
environmentally conscious products."
Farmer Brothers' Northlake, Texas facility sits on over 28 acres and is located
strategically to nearby shipping ports and key distribution routes, allowing
for very efficient movement of inbound raw materials and outbound finished
goods for both companies. Farmer Brothers reputation for sustainability aligns
with NuZee's goal to provide an eco-friendly alternative to the single cup capsule.
About NuZee and Coffee Blenders
NuZee, Inc. (d/b/a Coffee Blenders(R)) is a specialty coffee company and a
leading U.S. single-serve pour-over coffee producer and co-packer. We own
sophisticated packing equipment developed in Asia for single serve pour over
and tea bag coffee production. We co-pack single-serve pour-over coffee
products for customers in the U.S. market and have a subsidiary in Seoul Korea
where we manufacture drip cup coffee and tea bag coffee for the Asian market.
Our California production facility is an SQF level 2 and Organic certified
coffee production and packaging facility.
About Farmer Brothers
Founded in 1912, Farmer Bros. Co. is a national coffee roaster, wholesaler and
distributor of coffee, tea and culinary products. The company's product lines
include organic, Direct Trade and sustainably produced coffee. With a robust
line of coffee, hot and iced teas, cappuccino mixes, spices, and baking/biscuit
mixes, the company delivers extensive beverage planning services and culinary
products to its U.S. based customers. The company serves a wide variety of
customers, from small independent restaurants and foodservice operators to
large institutional buyers like restaurant and convenience store chains,
hotels, casinos, healthcare facilities, and gourmet coffee houses, as well as
grocery chains with private brand coffee and consumer branded coffee and tea
products, and foodservice distributors.
Forward-looking Statements
This press release contains forward-looking statements that are made pursuant
to the safe harbor provisions within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange
Act of 1934, as amended. Statements that are not historical facts, including
statements regarding expectations, hopes, intentions or strategies regarding
the future are forward-looking statements. NuZee cautions you that such
statements are only predictions, and actual events or results may differ
materially. These statements reflect NuZee's current expectations, and NuZee
does not undertake to update or revise these forward looking statements, even
if experience or future changes make it clear that any projected results
expressed or implied in this or other NuZee statements will not be realized.
Further, these statements involve risks and uncertainties, many of which are
beyond NuZee's control, which could cause actual results to differ materially
from the forward-looking statements. These risks and uncertainties, many of
which are beyond our control, include: the effects of the COVID-19 pandemic on
our operations and general economic conditions, general market acceptance of
and demand for our products, and our need for substantial additional funds. For
a description of additional factors that may cause NuZee's actual results,
performance or expectations to differ from any forward-looking statements,
please review the information set forth in the "Risk Factors" and other
sections of the Company's public reports filed with the SEC.
Source - NuZee, Inc.
CONTACT: NuZee Investor Relations, Shanoop Kothari, Vice President, Chief
Financial Officer & Chief Operating Officer, (713) 530-7688,
shanoop@coffeeblenders.com, Farmer Brothers Investor Relations, Ellipsis, Jeff
Majtyka & Kyle King, Investor.relations@farmerbros.com, (646) 776-0886
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