GSX advises on Successful Sale of Mercon specialty

Great Southern Facilitates Strategic Sale of Mercon Coffee's Specialty Business

Further to the earlier update, as part of Henry Walsh’s role as the Chief Liquidation Officer for the Mercon Coffee Group when Mercon filed for Chapter 11 Bankruptcy on the 6th December 2023. 

As part of Henry Walsh's role as Chief Liquidation Officer for the Mercon Coffee Group, which filed for Chapter 11 Bankruptcy on December 6, 2023, GSX introduced and negotiated the sale of Mercon's strategically valuable Specialty Coffee business in Seattle to financial services group StoneX. The Specialty business focuses on customer services and serving boutique roasters in the North American market. The transaction value was approximately $5.4m.

I would like to thank the team at StoneX including Ernesto Rambaldini, Tom Gaffney, Brent Grecian, Philip Meyer and Ryan McNearny for their part in ensuring the successful completion of the transaction. The Specialty Business now finds itself in a new home and I am sure the team there will continue to flourish under the StoneX banner. 

Special thanks to Andrew Morley and his team at Rothschilds for their assistance with the transaction.