LITTLE ROCK, ARKANSAS – SEPTEMBER 20, 2022 – Private investment firm The Stephens Group, LLC (“The Stephens Group”) announced today that its portfolio company Westrock Coffee Company (“Westrock Coffee” or “the Company”) recently completed its business combination with Riverview Acquisition Corp. The shares and certain warrants to purchase shares of the common stock began trading on the NASDAQ on August 29, 2022 under the symbols “WEST” and “WESTW,” respectively.
As the “brand behind the brands,” Westrock Coffee counts among its long-tenured customers blue chip market leaders across the retail, foodservice and restaurant, convenience store and travel center, non-commercial, CPG, and hospitality industries. Westrock Coffee currently provides over 20 million cups of coffee to the world daily. The Company is also the largest custom, private label coffee and tea provider to restaurants in the United States by volume and the second-largest coffee extract provider in ready-to-drink coffee.
“We congratulate Scott Ford, Westrock Coffee’s CEO and Co-Founder, and the entire Westrock Coffee team on this well-earned milestone,” said Witt Stephens, Jr., CEO and Co-Chairman of The Stephens Group. “We have enjoyed a strong relationship with the Ford family for over seventy years, including the last 5 years with Westrock Coffee. We are thrilled that the hard work and talent we’ve seen from the team has now been acknowledged by public market investors. This transaction will allow the company to continue their growth both in the U.S. and internationally, and we look forward to continuing to work with Scott and Westrock Coffee.”
ABOUT WESTROCK COFFEE
Westrock Coffee Company is a leading integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the U.S., providing coffee sourcing, supply chain management, product development, roasting, packaging, and distribution services to the retail, foodservice and restaurant, convenience store and travel center, CPG, non-commercial and hospitality industries around the world. With offices in 10 countries, the company sources coffee and tea from 35 origin countries. For more information, visit WestrockCoffee.com.
ABOUT THE STEPHENS GROUP, LLC
The Stephens Group, LLC is a private investment firm that partners with talented management teams to help build valuable businesses. Backed by the resources of the Witt Stephens, Jr. and Elizabeth Campbell families, the firm combines the operational expertise of a private equity firm with the flexibility provided by long-term capital. With nearly $2 billion of private equity assets under management, the firm has a long history of providing informed, sophisticated expertise and working with owners and managers to help them successfully achieve their strategic visions and build long-term value. Since 2006, The Stephens Group has invested in 49 companies, targeting investments in industries across the U.S., including industrial and commercial products and services, specialty distribution, B2B food, technology infrastructure and tech-enabled services.
Principal, Business Development
The Stephens Group, LLC