Canadian Vending

Features Coffee Service
Keurig Sale Complete


April 30, 2008
By Canadian Vending Staff

Topics

Green Mountain Coffee Roasters Inc. announced last month that it has completed its acquisition of Keurig Incorporated, originally announced on May 2,  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 Roasters Inc. announced last month that it has completed its acquisition of Keurig Incorporated, originally announced on May 2,  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 was also used to finance Green Mountain Coffee’s transaction expenses, as well as the company’s existing outstanding indebtedness.

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