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Issue Date: Vol. 50, No. 6, June 2010, Posted On: 5/26/2010


Green Mountain Coffee Roasters Completes Diedrich Acquisition


Emily Jed
Emily@vendingtimes.net
Green Mountain Coffee Roasters, Diedrich Coffee, Keurig, coffee roaster, coffee brewer, office coffee service, vending machine business

WATERBURY, VT -- Green Mountain Coffee Roasters Inc. has completed its acquisition of Diedrich Coffee Inc. for $35 a share of common stock in cash in a transaction valued at $300 million.

As a result, Diedrich Coffee is now a wholly owned subsidiary of the Vermont-based coffee roaster, which has integrated the company into its specialty coffee business unit. The combined company will operate manufacturing and distribution facilities in Waterbury and Essex, VT; Castroville, CA; Knoxville, TN; Sumner, WA; and Toronto.

Diedrich markets Diedrich, Coffee People and Gloria Jean's coffees through office coffee service distributors, restaurants, retailers and online. Green Mountain's specialty coffee business unit produces coffee, tea and hot cocoa


Topic: Coffee Service News

Articles:
  • Keurig Thinks Outside K-Cup, Debuts Eccellenza Touch Bean-To-Cup Coffee Brewer
  • Rwanda And Mexico Are First Countries To Commit To Sustainable Coffee Challenge
  • Nespresso First To Return Cuban Coffee To U.S. After 50+ Years
  • National Coffee Association Welcomes 'Highly Significant' Coffee Health News From World Health Organization
  • Joyride Coffee Promotes Cold Brew Kegs In 'Upgrade My Office Space' Contest

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