After 118 years in business, coffee roaster Boyd Coffee Company has announced that they will lay off about 230 workers and move their operations from Portland, Oregon to coffee roaster to Northlake, Texas as a result of their acquisition by Farmer Brother’s Company last year for $58.6 million. The Boyd brand will be retained by Farmers. This appears to be just another consequence of a rapidly consolidating industry and will bring to an end the Boyd’s third-generation family control of the business.
Are you asking yourself, Am I Next?