Another corporation is leaving Torrance, California, to plant its corporate flag in North Texas. The 103-year-old Farmer Bros. Co. is brewing up a corporate move from California to a new 500,000 square-foot office and distribution center in the Denton County city of Northlake, which has approved some incentives to lure Farmers Bros. Farmer Bros. joins Toyota Motor Corp., which is moving its North American headquarters from Torrance to Plano. The company said it would close its facilities in Torrance. The coffee company’s new headquarters will be in a new $40 million facility near Texas Motor Speedway on Interstate 35W. According to media reports, 300 people will work at the new Farmer Bros. facility. Farmer Bros. Co. is a manufacturer, wholesaler and distributor of a variety of coffee, tea and food items to food service businesses and retailers in the U.S. It generated more than $500 million in revenue in 2014 and has 1,800 employees nationwide. It is a direct distributor to restaurants, casinos, hotels, hospitals and other foodservice providers, the company said on its website. The company’s stock is traded on the Nasdaq exchange under the ticker symbol FARM.
Dallas Business Journal by Lance Murray