Tag Archives: coffee

Green Mountain merger target?

 

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?

Green Mountain Coffee

Green Mountain Coffee

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.

 

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Green Mountain, Starbucks together — finally

Green Mountain Coffee Roasters, which has a large roasting and distribution plant in Knox County, has struck a much anticipated deal with Starbucks, the big dog in the retail coffee business.

Investors like the news. GMCR shares are soaring, up close to 30 percent by late morning. Trading volume was heavy.

The deal calls for the companies to make single-serve Starbucks coffee and Tazo tea available for Green Mountain’s Keurig single-cup brewing system.

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