Beverage News

Green Mountain to acquire Canadian coffee company Van Houtte

Green Mountain Coffee Roasters Inc. (GMCR), Waterbury, Vt., announced it will acquire all outstanding shares of LJVH Holdings Inc., known as Van Houtte, for $890 million. Van Houtte is headquartered in Montreal and is a leading gourmet coffee brand in Canada and a licensee for GMCR’s Keurig Single-Cup Brewing Systems.

“We have had a strong and mutually beneficial relationship with Van Houtte since 2001 when they first became a Keurig licensee and we’re confident that the company and its well-known Canadian brands including Van Houtte, Brulerie St. Denis, Les Cafes Orient Express Coffee and Brulerie Mont Royal are great additions to GMCR and our family of specialty coffee brands,” said Lawrence J. Blanford, president and chief executive officer of GMCR, in a statement. “We believe that Van Houtte, in combination with our Green Mountain, Tully’s, Timothy’s and Diedrich’s brands, will contribute to our future success across Canada and throughout North America.”

Van Houtte roasts and markets gourmet coffee for home and office consumption and distributes coffee through direct-to-store delivery and coffee service networks in Canada and the United States. The company also produces specialty coffee, tea and other beverages in a variety of packaged forms including K-Cup portion packs for the Keurig System sold under the Van Houtte, Bigelow and Wolfgang Puck K-Cup brands. As of Aug. 21, Van Houtte’s 12-month sales were $433 million, based on the U.S.-Canadian dollar exchange rate from Sept. 13.

“This acquisition will enhance GMCR’s Canadian presence and is expected to strengthen our North American geographic expansion with a well-known Canadian brand platform that includes roasting, manufacturing and distribution capabilities,” Blanford said. “We have great admiration for Van Houtte’s leadership team and are pleased that its current president and chief executive officer, Gerard Geoffrion, has agreed to continue to lead the Van Houtte business in Canada following the close of the acquisition.”
GMCR is purchasing the shares from an affiliate of Littlejohn & Co. LLC, Greenwich, Conn. The transaction is subject to customary closing conditions, including certain regulatory approvals, and is expected to close by the end of 2010.

 Did you enjoy this article? Click here to subscribe to Beverage Industry.  

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

Top Beverage Flavors of 2014

Traditional flavors make up a large portion of beverage-makers’ selections, but tropical and exotic ones aren’t trailing too far behind. That’s according to research by BNP Media’s Market Research Division for Beverage Industry’s 2014 Product Development Outlook survey. Also see what's anticipated for top-selling flavors of 2015.

Click here to view the infographic in PDF format.

2/18/15 2:00 pm EST

A Healthy Future: Analyzing the latest health and wellness trends in the beverage market

The beverage marketplace continues to evolve to meet new trends and regulations. Our expert speakers will share with you their insight on what health and wellness topics will be paramount for the future success in the beverage industry.

Podcasts

Gert van Manen, president of iTi Tropicals Inc., shares his insights on the U.S. coconut water market. Citing research from Krueger Food Laboratories, he also supplies information highlighting the difference between products that declare their added sugars and those that do not.

Beverage Industry Magazine

BI February 2015 cover

2015 February

The February 2015 Beverage Industry includes a cover story on Bai Brands, as well as articles about calorie moderation, sparkling and premium wines, and more. Check it out today!

Table Of Contents Subscribe

Wine Trends

Which trend will have the most positive impact on the wine category in 2015?
View Results Poll Archive

THE BEVERAGE INDUSTRY STORE

cleaning-in-place-dairy-foo.gif
Cleaning-in-Place: Dairy, Food and Beverage Operations, 3rd Edition

This book addresses the principles of cleaning operations, water supply issues and the science of detergents and disinfectants.

More Products

Beverage Insider eNewsletter

Are you an Insider? Subscribe to Beverage Industry’s weekly e-newsletter to receive news headlines, new product information and magazine highlights.   

STAY CONNECTED

facebook40 twitter    youtubelinkedgoogle+ icon 40px

Webinars

Beverage Industry Webinars are an easy, effective and convenient way to get educated and informed on the latest industry trends and topics. All Webinars are FREE unless indicated. For more information, check out our Events page!