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Van Houtte and Filterfresh enhance U.S. Presence with Key
Acquisitions
Expansion
Continues with Five Acquisitions in Los Angeles, St. Louis,
Columbus and Rhode Island
Westwood, MA -- April 3, 2003 -- Van Houtte Inc. (Toronto: VH.TO)
announced today that its U.S. subsidiary, Filterfresh Coffee
Service, Inc., has acquired five coffee operations in the United
States as part of a continued strategic expansion. Effective
immediately, Filterfresh Los Angeles, Filterfresh Orange County,
Ocean State Coffee, C&P Coffee and Filterfresh St. Louis will
all operate as part of Filterfresh Coffee Service, Inc. and
its subsidiaries.
"These
latest acquisitions fit perfectly into our long-term growth
strategy," said Roger Cohen, president of Filterfresh Coffee
Service. "We will continue to pursue our strategy of growth
through acquisitions, new product launches and partnerships
with leaders in the industry."
In Southern California, the company has acquired Filterfresh
Orange County from franchise owner David Shevel and formed a
joint venture with Filterfresh Los Angeles and its owner Max
Rivkind. Both locations will be consolidated with the existing
corporate-owned operation, Filterfresh Southern California,
to better serve this dynamic market. Filterfresh Southern California
will now operate as a joint venture with Filterfresh Coffee
Service, Inc. as a 74% partner and Mr. Rivkind owning the remaining
26%. Filterfresh Southern California will be managed by both
Mr. Shevel and Mr. Rivkind.
Filterfresh Coffee Service, Inc. has also acquired two coffee
operations in the Midwest. In Ohio, C&P Coffee will be integrated
into the Filterfresh Columbus operation. In addition to the
service staff, C&P's owners, Peter and Christine Diol, will
also remain with Filterfresh Columbus, which operates as a joint
venture partner, with 64% ownership held by Filterfresh Coffee
Service, Inc.
In St. Louis, Filterfresh will assume all of the employees of
this former Filterfresh franchise operation and integrate the
company into Filterfresh Bluegrass, a joint venture partner
with Filterfresh Coffee Service, Inc. Filterfresh Coffee Service,
Inc. holds a 64% ownership in Filterfresh Bluegrass, which services
all of the Kentucky and greater St. Louis markets.
Additionally, Ocean State Coffee in Johnston, Rhode Island,
one of the leading coffee service operations in the state, will
become Filterfresh Ocean State. Filterfresh will assume six
employees as a result of this acquisition and owner Scott Jabagjorian
will remain as general manager of the newly formed operation.
Filterfresh Ocean State will service a large customer base in
Rhode Island and add to the density of the Company's New England
network.
About Filterfresh Coffee Service, Inc.
Filterfresh Coffee Service, Inc., based in Westwood, Mass.,
is a subsidiary of Van Houtte Inc. The company, a pioneer in
single-cup coffee makers, provides state-of-the-art equipment,
beverages, programs and services to offices, manufacturing facilities,
supermarkets, hotels, retailers and other places of employment.
For further information on Filterfresh, its growth plans or
franchise opportunities, visit the Web site at www.filterfresh.com.
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