Green Mountain Coffee Roasters, Inc. announced that it has completed its acquisition of Keurig, Incorporated, originally announced on May 2, 2006, for total consideration of $104.3 million

Food & Drink Weekly, June 26, 2006

Green Mountain Coffee Roasters, Inc. announced that it has completed its acquisition of Keurig, Incorporated, originally announced on May 2, 2006, for total consideration of $104.3 million. Keurig markets premium single-cup coffee brewing systems for the office and the home. Keurig will remain headquartered in Wakefield, Massachusetts and operate as a wholly owned subsidiary of Green Mountain Coffee.

Green Mountain Coffee financed the cash portion of the Purchase Price through a new five-year $125 million syndicated revolving credit facility led by Bank of America. This facility was also used to finance Green Mountain Coffee's transaction expenses, as well as the Company's existing outstanding indebtedness.