GREEN MOUNTAIN COFFEE ACQUIRES TIMOTHY’S

GREEN MOUNTAIN COFFEE ROASTERS IN NOVEMBER bought the coffee brand and wholesale operations of Toronto-based Timothy’s Coffees of the World. Green Mountain paid $157 million in cash for the company, which had been an affiliate of private equity firm Sun Capital Partners for about 18 months.

Timothy’s nearly 100 retail locations throughout Canada were not part of the acquisition. Bruegger’s Enterprises, which is also owned by Sun Capital, purchased the retail portion for an undisclosed amount.

Green Mountain will operate Timothy’s as a wholly owned Canadian subsidiary with operations integrated into the company’s specialty coffee business unit. Green Mountain had purchased Tully’s Coffee in September 2008.

Green Mountain has been doing well with its Keurig coffee dispensers and K-cups, says Chris Kampe, a managing director with investment firm Tully & Holland. Timothy’s provides Green Mountain with a Canadian brand and platform for expansion in Canada, he notes. Timothy’s also has packaging capacity and a coffee roasting facility in Ontario.

Partner Content

The Gift of Wow: Preparing your store for the holiday season - Netsuite
Being prepared for the holiday rush used to mean stocking shelves and making sure your associates were ready for the long hours. But the digital revolution has changed everything, most importantly, customer expectations. Retailers with a physical store presence should be asking themselves—what am I doing to wow the customer?
3 Critical Components to Achieving the Perfect Order - NetSuite
Explore the 3 critical components to delivering the perfect order.
Streamlining Unified Commerce Complexity - NetSuite
Explore how consolidating multiple systems through a cloud-based commerce platform provides a seamless experience for both you, and your customer.
Strategies for Maximizing Mobile Point-of-Sale Technology - NetSuite
Learn the top five innovative ways to utilize your mobile POS technology to drive customer engagement, increase sales and elevate your brand.