Boyd Coffee Co. plans to shutter operations in Portland and Eugene and lay off 230 people, including 135 in Oregon.

Boyd sold last year to a Texas coffee roaster, Farmer Bros., for $58.6 million in cash and stock. Boyd's revenue had stagnated around $100 million, and the company said Farmer was in a better position to capitalize on industry consolidation.

"Operations are moving out of the area, predominantly to (Texas)," Boyd Vice President Ann Nordquist said in an email Friday. She said layoffs will be complete by Oct. 1.

Boyd dates its founding to 1900 in Portland, and says it was among the world's oldest family-owned coffee companies before its sale. Farmer Bros. said Friday that it will continue to market the Boyd's brand.

-- Mike Rogoway; Twitter: @rogoway; 503-294-7699