JAB

KEURIG GREEN MOUNTAIN ACQUIRED BY JAB HOLDING

Keurig Green Mountain announced on 7 December 2015 that it is being acquired by JAB Holding Company (JAB), which already has extensive interests in the global coffee sector. The companies have entered into a definitive merger agreement under which a JAB-led investor group will acquire Keurig Green Mountain for US$92.00 per share in cash, which equates to US$13.9 billion.

JAB is acquiring Keurig Green Mountain in partnership with strategic minority investors who are already shareholders in Jacobs Douwe Egberts BV, including Mondelçz International and entities affiliated with BDT Capital Partners. At the close of the transaction, Keurig Green Mountain will be privately owned and will continue to be operated independently by the company’s management team and employees. Keurig Green Mountain will remain based in Waterbury, Vermont.

Bart Becht, Chairman at JAB, said: “Keurig Green Mountain represents a major step forward in the creation of our global coffee platform. It is a fantastic company that uniquely brings together premium coffee brands and new beverage dispensing technologies like the famous Keurig single serve machine. Keurig Green Mountain will operate as an independent entity to ensure it will further build on its coffee & technology strength and continue to serve all its partners to the best of its abilities.”

Brian Kelley, President and CEO of Keurig Green Mountain, said the transaction will deliver significant cash value for shareholders and “offers an exciting new chapter for our customers, partners and employees by combining Keurig Green Mountain with JAB’s global coffee platform.”

Irene Rosenfeld, Chairman and CEO of Mondelz International, said Keurig Green Mountain is “a strategic asset that provides immediate access to the US, the largest coffee market in the world, and to on-demand, the fastest growing segment of the market.” She said that, “by leveraging our existing investment in JDE and not contributing incremental capital, we have the opportunity to diversify our participation in the global coffee category, while continuing to invest in our core snacking business to deliver significant value for our shareholders over the long term.”

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