Green Mountain Coffee Acquires Diedrich Coffee
16 May 2010
Vermont-based Green Mountain Coffee Roasters picked up California-based Diedrich Coffee earlier this week. According to Associated Press, Green Mountain has disclosed that the deal totals about $300 million, and Diedrich, and Irvine, California based coffee roasting company, agreed to sell for $35 per share.
Lawrence J. Blanford, the President of Green Mountain Coffee Roasters, says that the company believes this deal will provide significant growth opportunities and advance Green Mountain’s goal of becoming a leader in the coffee and coffee maker industry.
Green Mountain and Diedrich were among the four roasters licensed to produce and sell K-Cups for the top-selling Keurig single-serve coffee brewing system.
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