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Starbucks Is Expanding The Company's $70 Million Comprehensive Ethical Sourcing Program With A New Farming Research And Development Center In Costa Rica. (Photo: Business Wire)

Stocks in this article: SBUX

Starbucks has signed an agreement to purchase the Costa Rican farm through a subsidiary of Starbucks Coffee Trading Company. The terms of the purchase are not being disclosed and upon final closing in May, Starbucks will immediately begin evolving the location into a research and development facility.

About Starbucks Corporation

Since 1971, Starbucks Coffee Company has been committed to ethically sourcing and roasting the highest-quality arabica coffee in the world. Today, with stores around the globe, the company is the premier roaster and retailer of specialty coffee in the world. Through our unwavering commitment to excellence and our guiding principles, we bring the unique Starbucks Experience to life for every customer through every cup. To share in the experience, please visit us in our stores or online at www.starbucks.com.



Photos/Multimedia Gallery Available: http://www.businesswire.com/multimedia/home/20130318006738/en/

Copyright Business Wire 2010
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