- Sector
- Consumer Defensive
- Industry
- Beverages - Non-Alcoholic
- Address
-
- IPO Date
- Jan 12, 2001
- Business
- Keurig Green Mountain, Inc. (GMCR) manufactures and sells single-serve coffee brewing systems, including Keurig brewers, and a wide range of K-Cup pods containing coffee, teas, hot cocoa, and other beverages; it offers branded coffees such as Green Mountain Coffee Roasters, Tully's Coffee, Timothy's World Coffee, Diedrich Coffee, Van Houtte, and licensed varieties from partners like Dunkin' Donuts, Starbucks, Newman's Own Organics, and Celestial Seasonings; additional products include whole bean and ground coffee in traditional packaging, fractional packs, and ready-to-drink options through its integrated beverage portfolio. The company operates primarily in the United States and Canada, targeting consumers, offices, supermarkets, mass merchandisers, restaurants, hotels, and e-commerce channels via Keurig.com. Founded in 1981 as Green Mountain Coffee Roasters in Waitsfield, Vermont, with headquarters in Waterbury and later Burlington, Massachusetts, GMCR pioneered single-cup brewing after acquiring Keurig, Inc. in 2006, went public under the GMCR ticker in 1993, renamed to Keurig Green Mountain in 2014, was taken private by JAB Holding Company in 2016 for $13.9 billion, and merged with Dr Pepper Snapple Group in 2018 to form Keurig Dr Pepper Inc. Recent developments include Keurig Dr Pepper's October 2024 acquisition of a 60% stake in energy drink maker Ghost Lifestyle for $990 million, with the remainder planned for 2028 to expand into high-growth energy and sports nutrition segments; an August 2025 agreement to acquire JDE Peet's for approximately $18 billion, expected to close in the first half of 2026, enhancing its global coffee portfolio with anticipated $400 million in cost synergies and plans to separate the combined coffee business into an independent entity; and October 2025 financing arrangements securing $7 billion from KKR, Apollo Global Management, and Goldman Sachs to support the transformational split of beverage and coffee operations into two public companies.