Youngevity International subsidiary CLR Roasters, a US-based producer of coffee has announced the acquisition of a coffee plantation and a processing facility in Nicaragua.

To be used as a green coffee sales and distribution platform, the facility can process more than 30 million pounds of green coffee.

Additionally, CLR Roasters acquired a second plantation under contract, which is expected to double the size of its holdings.

Spread over an area of around 450-acre, each plantation produces Rainforest Alliance Certified and Fair Trade Certified 100% Arabica coffee beans that are shade grown.

The project has been financed by the company’s cash reserves along with common stock in an amount up to 1,000,000 shares from the personal holdings of Youngevity CEO Steve Wallach.

CLR Roasters president Ernesto Aguila said the investment will bolster the company’s capacity to better control quality, improve yields, reduce costs and establish it as a source for quality coffee.

"We are very proud to acquire this Rainforest Alliance Certified™ farm, which we expect will allow us to grow our coffee business and take our Company to new heights," Aguila added.

In October 2013, CLR Roasters announced a sourcing and supply agreement with the Siles Plantation Family Group to use the company’s expertise in the day to day operations of the plantations and the processing plant.

Siles Plantation Family Group president Marisol Siles said, "This is a great achievement and collaboration for the Siles Plantation Family Group and our partners Youngevity, their Foundation, and CLR Roasters."