Green Mountain Coffee Roasters Expands into Canada

Green Mountain Coffee Roasters is expanding into Canada. The Vermont-based company announced recently that it has acquired Timothy's Coffees of the World for $157 million (USD), according to a company press release.

“This acquisition will provide GMCR with a Canadian presence and a coffee roasting facility in Toronto,” said Lawrence J. Blanford, president and CEO of GMCR. “It will accelerate GMCR’s geographic expansion with a Canadian brand platform …” Green Mountain will be taking over the Timothy’s World Coffee brand and its wholesale business, but not the retail operations. Another Vermont-based company, Bruegger’s Enterprises, Inc., will absorb Timothy’s 140 retail locations, according to a report in the Burlington Free Press. In addition to the 44,000-square-foot roasting facility in Toronto, GMCR also has roasting facilities in Vermont, Tennessee, and Washington state. This acquisition comes just as the company announced a $56 million profit for this fiscal year, and follows the acquisition earlier this year of Tully’s, a Seattle-based coffee roaster.