Green Mountain completes purchase of Keurig
June 16, 2006
by FoodBusinessNews.net Staff
WATERBURY, VT. — Green Mountain Coffee Roasters, Inc. has completed the acquisition of Keurig, Inc., for total consideration of $104.3 million. Keurig markets premium single-cup coffee brewing systems for the office and the home.
Keurig will remain headquartered in Wakefield, Mass., and operate as a wholly owned subsidiary of Green Mountain Coffee.
Green Mountain Coffee financed the cash portion of the purchase price through a new five-year, $125 million syndicated revolving credit facility led by Bank of America. This facility also was used to finance Green Mountain Coffee’s transaction expenses, as well as the company’s existing outstanding indebtedness.