Keurig Green Mountain
Maker of specialty coffees and Keurig machines.
Headquarters: 33 Coffee Lane
Waterbury, VT 05676
CEO: Brian Kelley
Stock Symbol: GMCR
Keurig Green Mountain is a leading maker of specialty coffees and also known for its Keurig home brewing machines.
The company is the maker of the Keurig gourmet single-cup brewing systems for consumers at home (AH) and away-from-home (AFH). K-Cup portion packs for Keurig Single-Cup Brewers are produced by a variety of licensed brands, including Green Mountain Coffee and Tully’s Coffee.
The company says it has sold over 16 million Keurig home systems to date.
Coffees and teas including K-Cups can be purchased from stores and the company's website along with gift baskets and samplers.
In fiscal 2014, the company reported sales of $4.7 billion, up from $4.3 billion, and net income of $596.5 million.
In December, private equity firm JAB Holding announced it would buy Keurig Green Mountain for $13.9 billion or $92 per share. At the close of the transaction, Keurig Green Mountain will be privately owned and will continue to be operated independently by the company's management team and employees. Keurig Green Mountain will remain headquartered in Waterbury, VT.
The company announced it would cut 5% of its workforce in August due to declining sales.
Green Mountain Coffee Roasters began in 1981 as a small café in rural Vermont, roasting and serving premium coffee right there on the premises. Demand quickly grew beyond the walls of the café, with local restaurants and inns asking the Company to supply them as well.
While the original café is no longer open, Green Mountain Coffee now has a distribution facility and two production sites in Vermont, and a manufacturing and warehousing facility in Knox County, TN. In 2009, the Tully’s acquisition added manufacturing capability in Seattle, expanding the Company’s national footprint for its manufacturing and distribution efforts.
The company acquired Keurig in 2006.
In March 2014, the company changed its name to Keurig Green Mountain from Green Mountain Coffee Roasters.
In February 2014, Coca-Cola made a $1.25 billion investment in the company.
401(k) plan - Green Mountain matches 50% up to first 6% of employee deduction for a maximum of 3%.
Paid time off and holidays
Stock purchase plan - 15% off stock price
Life and disability insurance
Education assistance up to $3,000 per year
Flexible spending accounts
Employee assistance program
Employee discount program
Updated December 8, 2015