Coffee dealer buys Coscina Bros.

The sale will increase the customer base of Pacific Land and Coffee

A tiny, publicly traded Hawaii coffee wholesaler has acquired its principal supplier, which has exclusive rights to sell coffee grown on Dole Food Co. Hawaii land on Oahu's North Shore.

Pacific Land and Coffee Corp. said in a statement yesterday that its deal to take over Coscina Brothers Coffee will increase its customer base and product line.

Pacific Land and Coffee said the deal was structured "as a contribution to capital" by Coscina Brothers' owner, Alfred Coscina, who also is a shareholder, chief financial officer and director of Pacific Land and Coffee.

Coscina and Dale Nielsen, chief executive of Pacific Land, did not return several phone calls yesterday.

The transaction between the two Hawaii-based companies will give the smaller Pacific Land and Coffee access to the exclusive contract that Coscina Brothers has with Dole to roast and package coffee produced from land in Waialua, Pacific Land said.

In the year ended December 31, 2005, Coscina Brothers Coffee had sales of $359,870, the companies said.

Pacific Land and Coffee said it sells private label coffee to wholesale and retail accounts nationally and internationally, and brokers green bean coffee internationally.

Founded in 2003, Pacific Land and Coffee generated $32,366 in sales for the year ended March 31, 2006. Its stock, which closed yesterday at 52 cents, trades on the Over-the-Counter Bulletin Board.