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Issue Date: Vol. 54, No. 9, September 2014, Posted On: 8/22/2014


Keurig Green Mountain And Kraft Foods Announce Licensing Agreement


Nick Montano
Nick@vendingtimes.net
TAGS: office coffee service, vending, Keurig Kraft licensing agreement, Single-cup coffee, Keurig Green Mountain Inc., Kraft Foods Group Inc., Keurig portion packs, Maxwell House, Gevalia, Yuban, McCafé, GMCR

WATERBURY, VT -- Single-cup coffee pioneer Keurig Green Mountain Inc. and packaged foods giant Kraft Foods Group Inc. announced today a multiyear licensing, manufacturing and distribution agreement for Kraft's branded coffees in Keurig portion packs compatible with Keurig commercial and consumer brewing systems in the U.S.

Financial terms of the agreement were not disclosed.

With this new agreement, office coffee service customers and home consumers in the U.S. can prepare Maxwell House, Gevalia and Yuban, along with McCafé, in a variety of licensed Keurig portion pack formats.

ON THE STREET

Keurig Green Mountain (GMCR) opened sharply higher this morning and is now up 9.44 at $127.19. The stock is challenging the highs of the year, trading at over a month and a half high.


Topic: Coffee Service News

Articles:
  • Coffee Equipment Icon Robert A. Curtis Dies At 86
  • 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

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