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Keurig, Maker of K-cup Coffee Pods, Sold for $13.9 Billion

posted by martyb on Tuesday December 08 2015, @09:56AM   Printer-friendly
from the eco-unfriendly dept.

takyon writes:

Keurig Green Mountain has been sold to JAB Holding for $13.9 billion:

The deal will make JAB the biggest player in the North American single-serve coffee pod market. "Keurig Green Mountain represents a major step forward in the creation of our global coffee platform," said JAB chairman Bart Becht, in a statement.

JAB has invested heavily in the US coffee market. It bought Caribou Coffee Co and Peet's Coffee & Tea in 2012 and formed a joint venture between coffeemakers DE Master Blenders and Mondelez International in July.

Keurig will continue to operate as an independent company after the purchase. Coca-Cola - Keurig's biggest investors- voiced its support for the deal in a statement. Coca-Cola will take a 17.4% stake in the new private company.

[...] Despite the higher cost of a single-serve coffee pod compared to a cup of filter coffee, the popularity of the machines continues to grow globally. According to Euromonitor International over the next three to five years, sales of single serve coffee pods are expected to grow by 5% in the US, 10% in Canada and 8% in Mexico. The research firm said the coffee pod business already accounts for 40% of the $15bn global coffee market.

Related: DRM: Coming to a Coffee Maker Near You
Keurig DRM Cracked By Competitors
Keurig Cup DRM Cracked
How much coffee do you drink each day?

Original Submission

 
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  • (Score: 5, Informative) by takyon on Tuesday December 08 2015, @10:19AM

    by takyon (881) <takyonNO@SPAMsoylentnews.org> on Tuesday December 08 2015, @10:19AM (#273277) Journal

    http://www.historyextra.com/article/food/brief-history-how-we-fell-love-caffeine-and-chocolate [historyextra.com]

    Coffee was often consumed in coffee houses, which in London became venues for gossip, political debate and, in the eyes of the authorities, sedition. A publication entitled Rules and Orders of the Coffee House pointed out that, in these establishments, “people of all qualities and conditions” gathered, with no consideration for ranks or titles. Charles II grew so worried about the subversive political effects of coffee houses that in 1675 he ordered their closure. Such was the public indignation that within days he was forced to rescind his proclamation. Within a few decades, by the early 18th century, there were around 3,000 coffee houses in England.

    If there's a problem, it's with the economic system that encourages people to consume stimulants (including caffeine, cocaine, whatever) in order to work longer and harder.

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  • (Score: -1, Offtopic) by Anonymous Coward on Tuesday December 08 2015, @10:24AM

    by Anonymous Coward on Tuesday December 08 2015, @10:24AM (#273281)

    Okay historical pedant. Disprove this claim: Sex Is Legal.

    Come on, dig up some sodomy laws.

  • (Score: 2) by tibman on Tuesday December 08 2015, @06:09PM

    by tibman (134) Subscriber Badge on Tuesday December 08 2015, @06:09PM (#273524)

    Grinding for sweet loot until 4am is so much better with caffeine : ) Do you view cars as just a faster way to get to work?

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