CHS forms JV with Mountain Mudd Espresso
by Jamie Cregan, Drinks Business Review
October 27, 2006
CHS, a diversified energy, grains and foods company, has formed a joint venture with Mountain Mudd Espresso, which operates drive-thru specialty coffee kiosks in 22 states.
Under the agreement, CHS will partner with the present owners of Mountain Mudd, Brenda and Dennis Burkhartsmeier, who will continue to manage and operate the business in Billings, Montana.
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Mountain Mudd Espresso was formed 13 years ago and has over 70 branded specialty coffee kiosks.
In a statement, Leon Westbrock, executive vice president of energy for CHS said: “We believe this is an excellent opportunity to enter this growing niche market. This joint venture with CHS will help us reach the rapidly growing drive-thru portion of the specialty coffee market.”
Financial terms of the partnership were not disclosed.