Keurig Dr Pepperformerly Keurig Green Mountain — and originally Green Mountain Coffee Roasters —is Keurig Public Company publicly traded American beverage and beverage-maker conglomerate with headquarters in Burlington, Massachusetts.
As of Julythe newly merged conglomerate also sells sodas, juices, and other soft drinks via its Dr Pepper Snapple division based in Texas. In its east-coast division, originally founded inthe company sources, produces, and sells coffee, hot cocoa, teas, and other beverages under various brands in portion packs for its Keurig brewing systems; and sells coffee beans and ground coffee in bags and Gardner Grinder Company packs.
Through its own and its partnership licensed brands, the east-coast division offers over different varieties of coffee and other beverage selections. These include coffees that are certified organicFair Trade Certifiedspecialty blends, and flavored coffees and beverages.
Begun as a small specialty coffee roaster and store in Vermont inafter regional and national expansion in the late s and an IPO inGreen Mountain Coffee Roasters completed its acquisition of the brewing-machine manufacturer Keurig, Inc. Its Canadian business unit subsidiary operates as Keurig Canada Inc. JAB Holdings owns the remaining, majority, stake.
Green Mountain Coffee Roasters GMCR had its inception when entrepreneur Bob Stiller discovered, near a Vermont ski resort, a cup of coffee he felt was so good he sought out the source of the coffee.
In he and a partner bought a two-thirds stake in the small specialty coffee roasting company in Waitsfield, Vermont that produced the roasted beans. Inhe launched a mail-order business which he advertised in gourmet magazines, and Reged Company Code his first supermarket-chain customer, Kings.
Stiller embraced technology very early on — to track customers' orders; to regulate roasting-heat levels appropriate to each bag; and to track distribution, manufacturing, sales, and personnel adopting PeopleSoft in It is one of Guess Clothing Company History largest suppliers of double-certified fair-trade and organic coffee in the world.
As American tastes in coffee changed, sales of Green Keurig Public Company roasted coffee beans grew. The company expanded its retail locations, food-service distribution, mail-order business, and wholesale business. InGreen Mountain began exporting to Canada and Taiwan.
Inthree engineering entrepreneurs from a Massachusetts start-up called Keurig approached GMCR about developing a single-cup coffee brewing system, and Green Mountain first invested in the nascent company at that time.
Also ina deal with Poland Spring opened Keurig Public Company office-worker market by distributing Green Mountain Coffee to thousands of offices in the Northeast. On September 28,the company's stock rose to what was then an all-time high, but the company disclosed after the markets closed that the Securities and Exchange Commission had requested documents and data related to an inquiry into how it accounted for revenue.
Block and Sons, Inc. In early MarchGreen Mountain Coffee Roasters shareholders voted to change its name to Keurig Green Mountain to reflect its business of selling Keurig coffee makers. In the fall ofKeurig Green Mountain introduced the Keurig 2. In Marchit launched the K-Mug pod, a recyclable pod which brews large travel mug—sized portions. Also in SeptemberKeurig launched Keurig Kold, a brewer which created a variety of cold beverages including soft drinks, functional beverages, and sparkling waters.
The acquisition closed in March GMCR began to embrace an environmental ethos within two years of its founding, and environmentalism and sustainability were overarching policies for which Green Mountain became well known. InGreen Mountain was the first coffee company to support the United Nations ' Global Reporting Initiative mission to develop globally accepted sustainability reporting guidelines.
Environmental advocates and journalists have criticized the company for the billions of non-recyclable and non-biodegradable K-Cups consumers purchase and dispose of every year,   and for the dichotomy between the company's historic environmentally conscious image and the impact of K-Cups on the environment. So it isn't the simplest challenge. From its inception, and in tandem with its environmentally conscious outlook, Green Mountain has had a culture grounded in social responsibility, community mindedness, philanthropy, and respect for employees.
GMCR was a pioneer in the Fair Trade movement in   guaranteeing farmers a steady minimum price far above market Vietnam Production Company. Agency for International Development, to improve the livelihoods of those in impoverished coffee-growing regions. Internally, GMCR has cultivated and maintained a flat corporate culturewhere employee buy-in, enthusiasm and vision, collaboration, and input is important. Keurig Green Mountain operates in two business segments: domestic and Canada.
It also sells patented Keurig single-cup brewing systems for use both at home and away from home. The Canadian business unit — Keurig Canada Inc. Founder Bob Stiller was president and CEO of the company from its inception in untilwhen he stepped down but remained chairman until May From Wikipedia, the free encyclopedia.
North American beverage maker conglomerate. This article is about the company. For the coffee brewing machine, see Keurig.
For the soft drink, see Dr Pepper. Burlington, MassachusettsU. Green Mountain Coffee Roasters. Archived from the original on March 18, Yahoo finance. Retrieved 5 August JAB Holding Company. Retrieved 29 July December 7, Business Wire. Vermont Business Magazine. March 3, Business Insider. Bloomberg Business. Wall Street Journal. March 23, MSN Money. Zacks Equity Research. Retrieved 3 July October 29, International Directory of Company HistoriesVol.
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On March 3, 2016, Keurig Green Mountain, Inc. (Keurig) and JAB Holding Company (JAB) announced the successful completion of the acquisition of Keurig by a JAB-led investor group for $92.00 per share in cash. The transaction was approved by Keurig’s stockholders at a special meeting of stockholders held on February 24, 2016.…
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Keurig Dr Pepper, formerly Keurig Green Mountain (2014–2018) and originally Green Mountain Coffee Roasters (1981–2014), is a publicly traded American beverage and beverage-maker conglomerate with headquarters in Burlington, Massachusetts. Its east-coast division sells coffee and …Founded: 1981; 38 years ago (as Green ……
Keurig Dr Pepper - a leading producer and distributer of hot and cold beverages to satisfy every consumer need, anytime and anywhere…
Keurig Dr Pepper is a new public company from the combination of Keurig Green Mountain, Inc. (Keurig) and Dr Pepper Snapple Group, Inc. (DPSG). Research conducted by DPSG concludes that there is no use of conflict minerals at DPSG which required reporting in prior years.…
The original single-serve brewer and coffee-pod manufacturing company, Keurig, Inc., was founded in Massachusetts in 1992. It launched its first brewers and K-Cup pods in 1998, targeting the office market. As the single-cup brewing system gained popularity, brewers for home use were added in 2004.Owner: Keurig Dr Pepper…