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Green Mountain Coffee Buys Diedrich For $300M

Wed, 05/12/2010 - 5:26am
Manufacturing.net

WATERBURY, Vt. (AP) -- Vermont\'s Green Mountain Coffee Roasters has bought a California coffee company.

Green Mountain says the deal for Diedrich Coffee Inc., of Irvine, Calif., is worth about $300 million.

The company says Diedrich accepted its offer of $35 a share.

Green Mountain Coffee President Lawrence J. Blanford says the company believes the deal provides significant growth opportunities and advances the object of becoming a leader in the coffee and coffee maker businesses.

Diedrich is one of four roasters licensed to produce K-Cups for the top-selling single-serve Keurig brewing system.

The K-Cup brand is owned by Green Mountain, which is based in Waterbury.

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