San Diego, CA (press release) – YGYI, Inc. (YGYI), a leading omni-direct lifestyle company announced that its subsidiary CLR Roasters, has executed a $5,000,000 supply agreement with a multi-billion dollar, Midwest based buying consortium. The agreement covers multiple brands and collectively these brands are expected to be sold at various retail establishments throughout the United States. CLR Roasters, LLC announced that the contract is expected to commence in the third quarter of 2018 and continue into 2020.
“We have been working diligently to increase distribution for our private label business segment and this contract should expand our reach considerably. Our new partnership covers several prestigious brands that will be offered in a number of retailers across the country” said, Ernesto Aguila, President of CLR Roasters, LLC.
The buying consortium is privately held and provides solutions for leading food industry businesses on a national scale, including grocery retailers and wholesaler’s food service companies. The contract includes a variety of retail 12 oz. bags being manufactured in both ground and whole bean roasted coffees consisting of multiple blends depending on the brand.
Dave Briskie, President and CFO of CLR Roaster’s parent company stated, “We anticipate that this contract will push our private label business further into main stream retail and strengthen the roasting side of our coffee business. We expect to continue developing our multi-faceted revenue model consisting of green coffee distribution, private label roasting, and distribution of our Café La Rica Brand, the official Cafecito of Major League baseball’s Miami Marlins, within food service and retail.”
Disclaimer: Kevin Surbaugh is an independent sales representative of Youngevity (YGYI) and is a shareholder in the publicly traded company.
He also has positions in Coca-Cola (KO), Berkshire-Hathaway (BRK.B); (BRK.A), and WalMart (WMT), but has no positions in any other stocks mentioned, and no plans to initiate any positions within the next 96 hours.