NORTHLAKE - Farmer Bros. Co. — a 103-year-old coffee company that is based in Torrance, Calif. — has announced that it will open a $40 million headquarters on I-35 near Texas Motor Speedway.
About 300 people will work in the half-million-sf business complex, which is expected to open in 2016.
Northlake County and Denton County are providing economic incentives to help pay for the move, which will result in $12 million to $15 million in annual savings for the company.
Farmer Bros. said the move to a new headquarters in Texas will result in $12 million to $15 million in annual savings.
Farmer Bros. has been in business since 1912. It has annual sales of more than a half billion dollars for coffee, tea and culinary products. The company has about 1,800 employees.
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