Skip Navigation
Regional News
Photo: <a href="http://www.flickr.com/photos/vyelevich/3563076139/">Victor Yelich</a>, Creative Commons, some rights reserved
Photo: Victor Yelich, Creative Commons, some rights reserved

Coca-Cola buys stake in Green Mountain Coffee Roasters

UNDATED (AP) The Coca-Cola Co. is buying a 10 percent stake in Green Mountain Coffee Roasters Inc. as part of a collaborative agreement that would bring its drinks into a new self-serve market.

The deal hinges on Green Mountain launching a single-serve beverage system, similar to what it uses for coffee, for cold beverages.

Share this


Explore this

Tags

It would make soft drinks, juice drinks and more, accessible to consumers with the touch of a button. It is expected to be available in Green Mountain's 2015 fiscal year.

Coca-Cola and Green Mountain said Wednesday they have signed a 10-year agreement. As part of that deal, Coca-Cola will acquire nearly 16.7 million new Green Mountain shares for $1.25 billion.

Green Mountain's shares soared 30 percent in after-hours trading.

(Copyright 2014 The Associated Press. All rights reserved)

Visitor comments

on:

NCPR is supported by:

This is a Visitor-Supported website.