CLR Roasters, a manufacturer of store brand coffee for national chains, as well as some branded boutique coffees, has expanded its production in Nicaragua.
The Miami-based company said it is underway processing green coffee beans in Nicaragua for the 2020 growing season. Youngevity International Inc., which owns CLR, signed a finance and supply agreement with H&H Export for the supply of 49.5 million pounds of green coffee in the region.
CLR Roasters added additional collateral with a value of $11.1 million to secure the financing agreement.
The coffee will be processed at a new facility in Matagalpa, Nicaragua, where it has another production facility already operational and working on a 2020 green coffee crop.