Riverview Acquisition called an Aug. 25 meeting for shareholders to vote on its proposed merger with Westrock Coffee Holdings. The record date for shareholder participation in the vote is Aug. 3.
Announced in April, the deal values the combined company at approximately $1.1 billion.
If approved, the transaction would deliver approximately $500 million in gross cash proceeds to the to Westrock, assuming zero redemptions. The consideration includes PIPE commitments funded by $60 million from R. Brad Martin, NFC Investments and the other Riverview Acquisition founders, $25 million from Westrock Coffee founders, and $78 million each from HF Capital, the Haslam family investment office, and funds managed by Southeastern Asset Management.
Westrock Coffee is an integrated coffee, tea, flavors, extracts, and ingredients company in the U.S., providing coffee sourcing, supply chain management, product development, roasting, packaging, and distribution services. Read more.
