Youngevity International Inc (YGYI) has announced that its wholly-owned subsidiary, CLR Roasters, has executed agreements with its Nicaraguan partners, H and H Export and Marisol Silas, to expand its facilities in the country.
CLR Roasters will build a new processing facility and will increase its participation in the green coffee distribution business of its partners from 50% to 75%. As part of the agreement CLR is also acquiring the coffee brand Café Cachita.
Construction for the new facility is due to be completed by September 2019, in time for the 2020 harvest, which will be the second year in CLR Roasters’ recently signed, five-year, US$250 million green coffee contract.
The new processing facility will sit on 45 acres of real estate in Matagalpa and is accessible to the coffee growing regions of Nicaragua.
When complete, the facility will have a 160,000ft2 warehouse capable of holding 48 million pounds of green coffee and the ability to process more than 53 million pounds of green coffee annually.