keurig green mountain inc (GMCR) Key Developments
Keurig Green Mountain, Inc. and The Coca-Cola Company Expand Agreement to Keurig Hot Brewing System
Sep 3 14
Keurig Green Mountain, Inc. and The Coca Cola Company have expanded the companies' innovative partnership to offer select beverages from the portfolio of The Coca Cola Company's still brands in the Keurig hot brewing system in the United States and Canada. Honest Tea, the nation's #1 organic bottled iced tea, will be the first brand from The Coca Cola Company available in K-Cup packs. Available to consumers in the U.S. on Keurig.com, the new Honest Tea K-Cup packs feature two products initially, unsweetened Just Green and Just Black iced teas. The new beverages will join Keurig's current Brew Over Ice collection, a line specially crafted to brew hot beverages over ice with the Keurig hot brewing system, making it easy and convenient to get a refreshing iced beverage at home or in the office.
Keurig Green Mountain, Inc. Appoints Jose Octavio Reyes Lagunes to its Board of Directors
Aug 27 14
Keurig Green Mountain, Inc. (Keurig) announced the appointment of José Octavio Reyes Lagunes, retired Vice Chairman of The Coca-Cola Export Corporation, to its Board of Directors effective August 25, 2014. Effective immediately Mr. Reyes will be a Class I Director with a term that expires at the company's 2015 Annual Meeting where he will stand for election by stockholders.
Keurig Green Mountain, Inc. Releases New Keurig(R) 2.0 Hot Beverage Brewing System
Aug 25 14
Keurig Green Mountain, Inc. (Keurig) continues to change the way consumers in the United States and Canada brew coffee at home with the release of the new Keurig(R) 2.0 hot beverage brewing system. Keurig(R) 2.0 made its debut on Keurig.com and national retailers' websites, as well as at the Keurig(R) Store in Burlington, Mass., where consumers can be among the first to experience the new system in person. Roll-out at retail partners nationwide will follow in the coming weeks. The Keurig(R) 2.0 system is available in the K500, K400 and K300 series. Keurig(R) 2.0 is the first Keurig(R) brewer to brew both a single cup and a four-cup carafe from a Keurig(R) brand pack. This innovation delivers everything consumers know and love about Keurig -- and more - with game-changing performance and function, unprecedented beverage choice, simplicity and convenience, and timeless design appeal. In addition to brewing both a single cup and a carafe, Keurig 2.0 is the first Keurig brewer to feature Keurig 2.0 Brewing Technology(TM), which enables the brewer to recognize the inserted Keurig(R) pack and optimize to the recommended, customized setting for that particular beverage. The Keurig 2.0 Brewing Technology ensures that the Keurig 2.0 system delivers on the promise of excellent quality beverages, produced simply and consistently, every single time. The Keurig(R) 2.0 system is available in the K500, K400 and K300 series. All systems offer the ability to brew both a single cup using a K-Cup(R) pack - more than 290 coffee, tea and other hot beverages from more than 50 brands, including Green Mountain Coffee(R), tarbucks(R), Dunkin' Donuts(R), Snapple(R), Lipton(R) and Peet's Coffee & Tea -- and a carafe using the new K-Carafe(TM) pack. In addition, all Keurig(R) 2.0 brewers sold will include a plastic Keurig(TM) 2.0 carafe in the box. A stainless steel Keurig(TM) 2.0 Thermal Carafe is available for purchase as an accessory ($29.99 SRP). The Keurig(R) 2.0 K500 Series ($189.99 - $199.99 SRP) features ten brew sizes ranging from four to 30 ounces. It offers an 80-ounce illuminated water reservoir, Keurig's larger to date, and an extra-large color touch screen display with customizable wallpaper and a variety of programmable controls, including strength control, auto on/off, auto brew K-Carafe(TM) pack, programmable clock, a favorites settings option and a customizable night light. The K500 series also offers a hot water on demand feature. The Keurig(R) 2.0 K400 Series ($159.99 - $169.99 SRP) offers nine brew sizes ranging from four to 30 ounces and a 70-ounce illuminated water reservoir. Other key features include a color touch display with customizable wallpaper and programmable controls, including auto on/off, auto brew K-Carafe(TM) pack, strength control, customizable clock and a favorites setting. The Keurig(R) 2.0 K300 Series ($139.99 - $149.99 SRP) features nine brew sizes ranging from four to 30 ounces with a 60-ounce water reservoir. It also offers a grayscale touch screen with strength control and an illuminated water reservoir.
Keurig Green Mountain, Inc. and Kraft Foods Group, Inc. Announce Licensing Agreement
Aug 22 14
Keurig Green Mountain, Inc. and Kraft Foods Group, Inc. announced a multi-year licensing, manufacturing, and distribution agreement for Kraft's branded coffees in Keurig(R) portion pack formats compatible with Keurig(R) consumer and commercial brewing systems in the U.S. With this new agreement, consumers in the U.S. can enjoy their favorite Kraft coffee brands, Maxwell House(R), Gevalia(R) and Yuban(R), along with McCafé(R), in a variety of licensed Keurig portion pack formats for both the at-home and away-from-home channels including: K-Cup(R) packs: brew the perfect cup of coffee, for use in Keurig K-Cup(R) Single Cup Brewers, the forthcoming Keurig 2.0 Brewing System, and available through Keurig Authorized Distributors for away-from-home channels; K-Carafe(TM) pack: a single portion pack optimized to brew four cups of coffee into a specially designed Keurig(R) carafe, exclusively for use in the Keurig 2.0 Brewing System; and Keurig Bolt(TM) pack: a single portion pack containing the right amount of coffee to brew a high-quality, fresh half-gallon pot of coffee from a single pack; exclusive for use in the Keurig(R) BOLT(TM) Carafe Brewing System and ideally suited for large office and food service locations. Keurig licensed Kraft-branded portion packs will begin to launch in fall 2014. Initially, both Kraft and Keurig will handle manufacturing for single-serving pods. Following a planned transition period, Keurig will become the exclusive manufacturer of Kraft-branded Keurig(R) packs using coffee sourced, roasted, and blended by Kraft. Keurig(R) hot system brewers use innovative brewing technology to deliver a fresh-brewed, perfect single cup of hot or brewed over ice coffee, tea, cocoa, or fruit brews every time at just the touch of a button. With the imminent launch of the next generation Keurig 2.0 Brewer, Keurig(R) consumers will be able to brew both a single cup and a carafe of coffee from a Keurig(R) brand pack. Consumers also will get the same Keurig(R) quality, simplicity and beverage choice they expect with more than 50 brands and more than 290 beverage varieties currently available, all brewed with Keurig's new beverage-optimizing brewing technology.
Keurig Green Mountain, Inc. Declares Quarterly Cash Dividend, Payable on October 31, 2014
Aug 6 14
Keurig Green Mountain, Inc.'s Board of Directors has declared a regular quarterly cash dividend of $0.25 per share of the company's common stock. The quarterly cash dividend will be paid on October 31, 2014 to shareholders of record as of the close of business on October 3, 2014.