Is Green Mountain Coffee Roasters a merger target? If so, what does that mean for the company’s relatively new roasting and distribution plant in Knox County?
The maker of the Keurig single cup brewer system has seen its share price plunge from nearly $116 a few months ago to less than $18 today. As its stock has spiraled lower, talk of a takeover has increased.
Green Mountain expanded to Knoxville in 2008, investing millions in a distribution and production plant in Forks of the River Industrial Park, where it employs several hundred workers.
Takeovers often result in consolidation of facilities as companies merge operations, although that’s not always the case.
Starbucks, which has a marketing deal with Greem Mountain, has been mentioned as a possible buyer.
Here’s some recent Web headlines:
Motley Fool: Can Green Mountain Coffee Survive?