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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.
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Keurig Cup DRM Cracked
How much coffee do you drink each day?
(Score: 0) by Anonymous Coward on Tuesday December 08 2015, @03:41PM
I'ved used Keurig at my last couple jobs at the office, and they work fine for me. Not as good as fresh ground, but much better than powdered instant, and more convenient too.
At around $140, it's priced for Xmas.
(Score: 1) by WillR on Tuesday December 08 2015, @04:02PM
The coffee always tastes burned and over-extracted, even when I turn the water temperature down as low as it will go.
The pods produce a lot of waste compared to fresh ground.
For around $140, you could get a cheap burr grinder, an electric kettle, and a small french press, and make MUCH better single-serving coffee.
(Score: 1, Insightful) by Anonymous Coward on Tuesday December 08 2015, @04:30PM
> For around $140, you could get a cheap burr grinder, an electric kettle, and a small french press, and make MUCH better single-serving coffee.
You left out the biggest cost of all - more time. A lot more time.
(Score: 3, Informative) by LoRdTAW on Tuesday December 08 2015, @05:22PM
Waiting for a little water to boil. Oh the humanity. Put the kettle on, grind beans, have a quick breather, pour boiling water into press and serve. Takes 3-5 minutes depending on how fast your kettle boils or warms. And only fill it with enough water for your serving.
People need to slow the fuck down and stop demanding instant everything. Instant food that is usually bad for you which is packaged in plastic that ends up in a landfill. Plus the go-go-go grind of daily life is shaving off a decade or two or more from our lives due to stress.
(Score: 0) by Anonymous Coward on Tuesday December 08 2015, @07:21PM
In general I agree with you, but in this case cleaning the French press gets to be a pain when all you want to do is get a quick cup of coffee.
(Score: 1, Insightful) by Anonymous Coward on Tuesday December 08 2015, @11:30PM
> People need to slow the fuck down and stop demanding instant everything.
Get off my lawn! When I was a kid I used to walk up hill in the snow both ways!
Shake your fist all you want, it is not a persuasive argument to people who aren't already persuaded. If that shit worked we'd all be running 100% Free software, Bill Gates and Mark Zuckerberg would both be paupers.
(Score: 0) by Anonymous Coward on Wednesday December 09 2015, @01:57AM
People need to slow down and drink some coffee?