The situation finally went to binding arbitration in October of 2022 and ended with Heyden being legally required to fulfill the original contract and sell to Wake Up Call. This resulted in a lawsuit filed in Spokane by Wake Up Call, in late January 2021. Black Rock is much larger, now with over 100 locations in WA, OR, and other states. The TCJOB reports he felt it was a better fit. However, in January, 2021 Heyden revealed he was going to instead sell to Black Rock after having entered into negotiations with them. It required continued good faith negotiations and they could not reveal any information to third-parties.Ī final purchase agreement was reached in December to sell Roasters and its roasting company for $8 million dollars. Court documents show in September of 2020, Wake Up and Heyden signed what is called a term sheet. During his tenure at Arrow, he has also served as president of Arrow. Previously, he served as Arrows chief operating officer, with responsibility for sales, marketing and operations for the global components and global enterprise computing solutions businesses. However, court papers show Heyden did not sign it right away, and in January 2021 he decided to sell to Black Rock Coffee instead. Kerins is president and chief executive officer of Arrow Electronics, Inc. According to the TCAJOB, an agreement 'went out' to be signed in December of that year. today announced that Andy King is retiring from the company as president of the global components business, effective December 31, 2020. Wes Heyden, the original founder-owner of Roasters Coffee, had originally agreed to sell his coffee stands in 2020 to Wake Up Call, a Spokane-based company. Lawsuit changed the Tri-City Coffee Stand landscapeĪccording to new information published by the Tri-Cities Area Journal of Business (TCAJOB), hundreds of court papers and documents show the last 24 months have been a battle for the three businesses.

Andy king arrow electronics