TORRANCE, Calif., July 8, 2011 (GLOBE NEWSWIRE) -- Yesterday Farmer Brothers Co. (Nasdaq:FARM) rang the NASDAQ Stock Market Opening Bell in New York City's Times Square in honor of the Company's 100th anniversary.
Interim Co-CEOs Jeffrey Wahba and Patrick Criteser, Chairman of the Board Guenter Berger, members of the Company's management team, along with Farmer family members Jeanne Farmer Grossman, Carol Farmer Waite, and Jonathan Waite, were on hand to celebrate the event that kicked off Farmer Brothers' 100th anniversary.
Founded as a coffee roaster and distributor in Los Angeles in 1912, Farmer Brothers has grown to be a preeminent coffee roaster and one of the nation's leading direct coffee distributor to restaurants, hotels, casinos, hospitals and food service providers. Farmer Brothers also provides private brand specialty coffee programs to grocery retailers, restaurant chains, and independent coffee houses through its wholly-owned subsidiary, Coffee Bean International (CBI), one of the nation's leading specialty coffee roasters.
Farmer Brothers signature trucks and vans are seen throughout the 48 contiguous states fulfilling the Company's mission to "sell great coffee and culinary products and provide superior service one customer at a time."
Farmer Brothers is also celebrating its 40th anniversary as an inaugural member of the NASDAQ stock exchange.
Interim Co-CEO Jeffrey Wahba thanked NASDAQ for its support over the last forty years and said, "We place great value in our NASDAQ listing and are proud to be one of the inaugural members of NASDAQ." Interim Co-CEO Patrick Criteser said, "We thank our various constituencies for the success they have brought us, our employees for the dedication and passion they bring to their jobs, our customers for their loyalty and partnership and our investors for believing in our business model." Mr. Criteser added, "Our ability to produce some of the best coffees in the world along with a variety of other products such as teas, spices, sauces and mixes would certainly make our founders proud."
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