Keurig Green Mountain, the North American coffee giant, has announced the construction of a new facility for its K-Cup coffee capsules. The new plant, located in Moore, SC, USA, is projected to see an investment of $350 million and lead to the creation of 500 jobs. Keurig Green Mountain said that the facility would primarily house coffee roasting and packaging for the firm’s single-serve K-Cup pods, but would also have potential to support beverage …
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Keurig Green Mountain
Coffee firm Keurig Green Mountain and soft drink company Dr Pepper Snapple have announced that they have entered into a definitive merger agreement to create a new combined company called Keurig Dr Pepper. Under the terms of the deal, Dr Pepper Snapple shareholders will receive a dividend of $103.75 per share (a total cash payment of $18.7 billion), and retain 13% of the combined company. Commenting on the deal, Keurig …
Coffee firm Keurig Green Mountain, the firm behind the Keurig Hot and Keurig KOLD beverage systems, has accepted a bid of $13.9 billion for the business from private German fund JAB Holding. The deal established the payment of $92 per share, in an agreement that represents a premium of approximately 77.9% over Keurig Green Mountain’s closing stock price on 4th December 2015, according to a company statement. Company president Brian …
Hot drink capsule firm Keurig Green Mountain and soup manufacturer Campbell’s have partnered to develop a new soup product in single serving K-cup pods. Designed to fit capsule hot drinks machines, the new product reportedly took two years to develop. It comes in two flavours: Southwest Style Chicken Broth & Noddle Soup Mix and Homestyle Chicken Broth & Noodle Soup Mix. Each serving is said to contain 70 calories. Each …
According to media reports, Coca-Cola has raised its stake in Keurig Green Mountain Inc. from 10% to 16% to become its largest shareholder, owning more than 26 million shares. The company had bought an initial stake in Keurig Green Mountain of 10% in February. The move is part of efforts by Coca-Cola to focus more on coffee and countertop carbonation. The “purchases demonstrate our continued belief that Keurig Green Mountain …
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