Green Mountain Coffee Roasters acquires Timothy's
November 17, 2009
Green Mountain Coffee Roasters Inc., Waterbury, Vt., purchased Timothy’s Coffees of the World Inc., Toronto, from an affiliate of Sun Capital Partners Inc. for a cash purchase price of approximately $157 million. The acquisition includes the Timothy’s World Coffee brand and wholesale business (but does not include retail operations), and will be maintained as a wholly owned Canadian subsidiary, with operations integrated into GMCR’s Specialty Coffee Business Unit.
Timothy’s is a premium coffee company that produces specialty coffee, tea and other beverages in a variety of packaged forms. Additionally, Timothy’s produces K-Cup portion packs for GMCR’s Keurig Single-Cup Brewing System sold under the Timothy’s World Coffee, Emeril’s and Kahlua Original K-Cup brands. Timothy’s became a licensed roaster of Keurig Inc., a wholly owned subsidiary of GMCR, in 2000.