The Merchandiser is responsible for providing high-quality merchandising support for Keurig Dr Pepper brands to retail stores within an assigned territory. It is a "native Texan" originating at Morrison's Old Corner Drug Store in the town of Waco in 1885. Part 4)", "Green Mountain (GMCR) Makes Key Strategic Acquisition of Canada’s Van Houtte", "Starbucks Alliance With Green Mountain Puts Spotlight on Coffee Pods", "Green Mountain Coffee Roasters, Inc. Completes Acquisition of Tully's Brand and Wholesale Business", "Green Mountain Coffee Roasters, Inc. Acquires Timothy’s Coffees of the World, Inc.", "Green Mountain Coffee to buy Diedrich for $290 Million", "Green Mountain Coffee buys Van Houtte for $915M", "SEC probes Green Mountain's revenue accounting", "UPDATE 1-Green Mountain roasted on SEC probe; analysts unfazed", "SEC Ends Keurig Investigation With No Enforcement Action", "SEC Ends 4-Year Probe Of Keurig Accounting, Co. Says", "Green Mountain Coffee Roasters, Inc. and Dunkin' Donuts to Make America's Favorite Coffee Available in K-Cup Portion Packs for Keurig Single-Cup Brewers", "Starbucks, Green Mountain ink deal, but it's not an acquisition", "Green Mountain Coffee Roasters Unveils New Keurig Brewing Platform", "The K-Cup Patent Is Dead, Long Live The K-Cup", "Green Mountain unveils Keurig Rivo cappuccino maker", "Green Mountain Coffee Unveils Full-Pot Keurig", "Keurig Reels In Dr Pepper for Its Coming Soda Machine", "New Green Mountain name shows Keurig connection", "Green Mountain Coffee Roasters changes name to Keurig Green Mountain Inc", "Keurig 2.0 Is Leaving a Bitter Taste in a Lot of Mouths", "Lawsuits claim Keurig Green Mountain violating antitrust laws", "Hacked K-cups latest in battle over Keurig coffeemakers", "Keurig 2.0 brews up DRM to freeze out copycat cups", "Inside Keurig's plan to stop you from buying knockoff K-Cups", "Green Mountain Coffee Roasters Unveils Next-Generation Keurig Carafe Innovation", "K-CUPS’ SERVING SIZE TOO SMALL? [73] The agreement was unanimously approved by Keurig Green Mountain's board of directors. Lakeland, FL. [140][141], This article is about the company. [127] The company offers employees continuous training and development opportunities;[128] tuition for outside education; profit-sharing; financial education; and continuous career-advancement support. [109][110] GMCR was not under consideration for the ranking in 2008, because the focus switched to exclusively large-cap companies. [70] The machine brewed beverages from The Coca-Cola Company and the Dr Pepper Snapple Group, in addition to Keurig's own line of flavored sparkling and non-sparkling waters and teas, sports drinks, and soda-fountain drinks. [83][114][126] In 2002 Green Mountain also formed a joint alliance with the U.S. Agency for International Development, to improve the livelihoods of those in impoverished coffee-growing regions. [16] The company also began to embrace an environmental and socially responsible ethos very quickly; by 1983 employees composted used coffee grounds at its retail stores, and by 1986 Green Mountain introduced its first organic coffee in a retail market test. Through its own and its partnership licensed brands, the east-coast division offers over 400 different varieties of coffee and other beverage selections. Keurig Dr Pepper In July 2018, Keurig Green Mountain merged with Dr Pepper Snapple Group in a deal worth $18.7 billion, creating a publicly traded conglomerate which is the third largest beverage company in North America. Formed in 2018 with the merger of Keurig Green Mountain and Dr Pepper Snapple Group, Keurig Dr Pepper holds leadership positions in soft drinks, specialty coffee and tea, water, juice and juice drinks and mixers, and we market the #1 single serve coffee brewing system in the United States. [17] At a time when premium, specialty, or gourmet coffee was still rare, Stiller dedicated himself to coffee-roasting, using exclusively arabica coffee beans. [130][131] It sells under a variety of brands, including Van Houtte, Brulerie St. Denis, Brulerie Mont-Royal, and Orient Express, and its licensed Bigelow and Wolfgang Puck brands. [52], In the fall of 2014, Keurig Green Mountain introduced the Keurig 2.0 brewer, with technology to prevent old or unlicensed pods being used in the brewer. Keurig Dr Pepper to Gain Sales and Distribution of Key Brands in New York and New Jersey, Following Agreement with The Honickman Companies Oct 27, 2020 Keurig Dr Pepper Announces Management Changes At Keurig Dr Pepper, we’re building on our rich heritage to create the beverage company of the future. Whitmore joins KDP from Tyson Foods, where he … Dr Pepper is the oldest major soft drink in the United States. [30][34] In November 2009, Green Mountain acquired the wholesale division of Canadian coffee provider Timothy's for $157 million. [5] Its east-coast division sells coffee and other beverages, and Keurig brewers. "[103] In 2015, the company's chief sustainability officer stated that every new K-Cup spin-off product introduced since 2006 – including the Vue, Bolt, and K-Carafe cups – is recyclable if disassembled into paper, plastic, and metal components. [17] In 1998 GMCR closed its 12 retail shops in favor of the burgeoning direct-mail and online market, its growing distributions to business offices and other national venues, and its wholesale market. [85] In addition to its environmental oversight, the company's Sustainability Committee focuses on areas including the financial and environmental viability, health, and resiliency of its coffee-growing and manufacturing supply chains; community outreach; and corporate and employee social responsibility and awareness. The total cash compensation, which includes bonus, and annual incentives, can vary anywhere from $126,890 to $175,260 with the average total cash compensation of $148,600. [61][62][63] In mid 2015 Keurig debuted the K200, a smaller Keurig 2.0 model that can brew single cups or four-cup carafes and comes in a variety of colors. [70][71] The company's primary competitor in this market area was SodaStream. [96], Environmental advocates and journalists have criticized the company for the billions of non-recyclable and non-biodegradable K-Cups consumers purchase and dispose of every year,[97][98] and for the dichotomy between the company's historic environmentally conscious image and the impact of K-Cups on the environment. [30] Employees are paid for up to 52 hours of volunteer work in their community per year. [72], On December 7, 2015, an investor group led by private-equity firm JAB Holding Company announced its intent to acquire Keurig Green Mountain for $13.9 billion. [17], In 1994, Green Mountain began exporting to Canada and Taiwan. [108] Among other recognition and awards for its corporate social responsibility (CSR),[90] GMCR was in the top ten of the "100 Best Corporate Citizens" each year from 2003 to 2007, and was ranked #1 in 2006 and 2007. Most analysts felt that the company practices were sound. It sells many of these beverage varieties in Keurig K-Cup single-serve pods, and as of 2017 offers Vue, K-Carafe, and K-Mug pods as well. As of July 2018, the newly merged conglomerate also sells sodas, juices, and other soft drinks via its Dr Pepper Snapple (also called Dr. Pepper/7up Inc.) division based in Texas. Keurig Dr Pepper OUR FAMILY OF BRANDS Keurig Dr Pepper Canada has a portfolio of more than 60 owned, licensed, partner and allied brands, with leadership across numerous beverage categories. [85] As of 2015, Keurig Green Mountain has a Chief Sustainability Officer. [13] The combined company was renamed Keurig Dr Pepper, and traded publicly again on the New York Stock Exchange under the ticker "KDP" until 2020 when it switched to NASDAQ. [41][42], In February 2011 Green Mountain announced an agreement with Dunkin' Donuts to make Dunkin’ Donuts coffee available in single-serve K-Cup pods for use with Keurig Single-Cup Brewers. He will join the ELT and lead enterprise strategy work, including mergers and acquisitions, and corporate partnerships. Across Keurig Dr Pepper’s portfolio of more than 125 brands, 20 percent of the materials used in packaging are currently made from postconsumer recycled (PCR) content, the company says. The store and cafe sold beans, grounds, and coffee to the public and a few restaurants. Our portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The … [111] It re-entered the "100 Best Corporate Citizens" list in 2010[112] and 2013. Enter the answer length or the answer pattern to get better results. With a brand heritage spanning more than 200 years, Dr Pepper Snapple Group’s portfolio includes more than 50 brands and hundreds of flavors of carbonated soft drinks, juices, teas, mixers, waters and other beverages. [113] In 2005, Green Mountain released its first Corporate Social Responsibility Report. Click the answer to find similar crossword clues. Keurig Dr Pepper Advances Sustainable Packaging Commitments with New $10 Million Investment to Improve Polypropylene Recycling in the U.S. [6][7][8][9] Keurig Green Mountain became a privately held company for two years, and was an independent entity run by its pre-existing management team and a new CEO. Shareholders of Dr Pepper Snapple Group own 13% of the combined company, with Keurig shareholder Mondelez International owning 13% to 14% of that fraction. 3 days ago. So it isn't the simplest challenge. [17], In 2000, Green Mountain reached an agreement to promote and sell fair trade coffee, committing to making at least 3% of its sales fair trade–certified by TransFair USA. [31], Green Mountain also acquired the four additional Keurig licensees, Tully's Coffee, Timothy's World Coffee, Diedrich Coffee, and Van Houtte, in 2009 and 2010. [124][129] GMCR has been on Forbes' list of Best Small Companies five times, and has been recognized as a "Best Place to Work" in HR Magazine. This statement sets out the steps taken by KDP during the course of 2018 to prevent, identify and address human rights and modern slavery risks in our operations and supply chains. [16][23] In 1997, Green Mountain Coffee Roasters became the first roaster to offer coffee in a K-Cup pod for the Keurig Single-Cup Brewing System,[19] and in 1998 Keurig delivered its first brewing system, designed for office use. The minority investors in the KGM purchase include shareholders in the global coffee and tea company Jacobs Douwe Egberts, which owns Tassimo. [18] By 1982 the company had around 30 employees, and moved its production facilities to Waterbury, Vermont. [74][6][75][11], The acquisition closed in March 2016. [37] GMCR Canada was founded in 2010, and officially became the Canadian Business Unit of Green Mountain Coffee Roasters, Inc. in 2011; it has been known as Keurig Canada Inc. since March 2014. In 1981 he and a partner bought a two-thirds stake in the small specialty coffee roasting company in Waitsfield, Vermont, that produced the roasted beans. [12] The pre-existing management team, with Gamgort as its new CEO, continued to run Keurig Green Mountain as an independent entity, following its acquisition by JAB Holding Company. Explore our fun and flavorful world. settings, with numerous opportunities for consumers to try individual brands by the cup. These include coffees that are certified organic, Fair Trade Certified, specialty blends, and flavored coffees and beverages. [32][33] In March 2009 it purchased Seattle-based Tully's brand and its wholesale coffee business for $40.3 million. [25][26] In 2001, the company acquired Frontier Organic Coffee,[27] and in 2002, it signed an agreement to sell fair trade coffee under the Newman's Own Organics label. Mott's exploded onto the national scene at the Philadelphia Centennial of 1842, where S. R. Mott entered his apple cider and vinegar. ", "Trouble Brewing For Green Mountain Coffee: Do 3 Billion Plastic Cups Negate 30 Years of Sustainability? At a time when premi… Keurig Dr Pepper Inc. (NYSE: KDP) today reported second quarter 2018 results for Keurig Green Mountain ("KGM") and Dr Pepper Snapple Group ("DPS") for … [80], GMCR began to embrace an environmental ethos within two years of its founding, and environmentalism and sustainability were overarching policies for which Green Mountain became well known. [53] The digital lock-out sparked hacking attempts and antitrust lawsuits. Job Overview At Keurig Dr Pepper (KDP) the consumer is at the core of everything we do. Keurig Dr Pepper (NASDAQ:KDP) and LVMH Moët Hennessy – Louis Vuitton, Société Européenne (OTCMKTS:LVMUY) are both large-cap consumer staples companies, but which is the superior investment? [11] Following the 2018 merger with Dr Pepper Snapple, Gamgort became CEO of Keurig Dr Pepper, and Larry Young, who had been president and CEO of Dr Pepper Snapple, retired from those positions and joined the new company's board of directors. [28] In late 2005 GMCR reached a deal to sell its Newman's Own Organics Blend coffee in more than 600 McDonald's restaurants in New England and upstate New York. [35] It purchased the California-based Diedrich Coffee in December 2009 for $290 million. [85] In 2008 GMCR's board of directors added a social and environmental responsibility committee. [19], Stiller bought out his two partners for $100,000 and became sole proprietor of the company within two years of his original purchase,[16] but it took four years to turn a profit. So enthusiastically were his products received that he received a first prize for their quality. In its east-coast division, originally founded in 1981, the company sources, produces, and sells coffee, hot cocoa, teas, and other beverages under various brands in portion packs for its Keurig brewing systems; and sells coffee beans and ground coffee in bags and fractional packs. The Crossword Solver found 20 answers to the Keurig Dr Pepper brand crossword clue. The 2006 SB20 5th Annual World's Top Sustainable Business Stocks", "The 2003 SB20: World's Leading Sustainable Stocks: Experts' Discussion; Capsule Profiles", "SB20: The World's Top Sustainable Business Stocks", "2005 SB20: 4th Annual World's Top Sustainable Business Stocks", "Keurig Green Mountain Funds Four Organizations with $11 Million Water Commitment", "Billions of K-Cups wind up in landfills each year", "Trouble brewing: has success spoiled Green Mountain? Childhood friends Leonard Marsh, Hyman Golden and Arnold Greenburg saw more potential in fruit than just something to throw in the lunchroom. The Crossword Solver finds answers to American-style crosswords, British-style crosswords, general knowledge crosswords and cryptic crossword puzzles. © 2018 Keurig Dr Pepper, Inc. All rights reserved. 5d. |state=expanded: {{Keurig Dr Pepper brands|state=expanded}} to show the template expanded, i.e., fully visible |state=autocollapse : {{Keurig Dr Pepper brands|state=autocollapse}} shows the template collapsed to the title bar if there is a {{ navbar }} , a {{ sidebar }} , or some other table on the page with the collapsible attribute With the merger of Keurig Green Mountain and Dr Pepper Snapple, we’ve brought together two iconic companies to create a unified business with a fresh approach to the beverage industry and the size and scale to achieve things not possible separately. Join our strong, committed team of more than 25,000 employees in the U.S., Canada, Mexico, the Caribbean, Europe and Asia who deliver outstanding results every day across Marketing, Sales, Distribution, Manufacturing, Engineering, Research and Development and … [108][118][122] GMCR has prioritized initiatives to alleviate poverty and hunger in coffee-growing communities. [50] In June 2016 Keurig announced it was discontinuing the machine and offered refunds to purchasers. The Coca-Cola Company, Keurig Green Mountain's largest shareholder at 17.4%, announced its support for the JAB takeover since the sale of its stock holding would provide Coca-Cola with a substantial financial benefit. Our mission is to help grow KDP’s iconic and refreshing brands with equally … [130][131] The domestic segment produces and sells coffee, hot cocoa, teas and other beverages, to be prepared hot or cold, in Keurig pods; it also sells coffee in traditional packaging, including whole beans and ground coffee in bags, and ground coffee in fractional packs. Athavaley, Anjali and Sruthi Ramakrishnan. Keurig Dr Pepper, Inc. engages in the production and marketing of non-alcoholic beverages. Begun as a small specialty coffee roaster and store in Vermont in 1981, and after regional and national expansion in the late 1980s and an IPO in 1993, Green Mountain Coffee Roasters completed its acquisition of the brewing-machine manufacturer Keurig, Inc. in 2006, enabling rapid growth through the high-margin sales of its many varieties of single-serve K-Cup pods for home and office use. [123] These include Coffee Kids, an international non-profit which improves the lives of children and families in remote coffee-growing villages;[118][124] and the FomCafe cooperative's quality-control training program, which helps farmers earn higher profits for coffee. [118][100][119] Since 2010 Green Mountain has been the largest purchaser of Fair Trade coffee in the world. California Transparency in Supply Chains Act. It also sells patented Keurig single-cup brewing systems for use both at home and away from home. [14][15], Green Mountain Coffee Roasters (GMCR) had its inception when entrepreneur Bob Stiller discovered, near a Vermont ski resort, a cup of coffee he felt was so good he sought out the source of the coffee. Keurig Dr Pepper. Manufacturer, bottler, and distributor of Dr Pepper, 7UP, Mott’s, Snapple, Canada Dry, and other favorites. Its Canadian business unit subsidiary operates as Keurig Canada Inc. A publicly traded company from 1993 through 2015, Keurig Green Mountain was acquired by a group of investors led by JAB Holding Company in March 2016 for $13.9 billion in cash. [135][136] Lawrence J. Blanford became Green Mountain's president and CEO in 2007. At Keurig Dr Pepper, we regularly host and attend events on campus to promote our internships, co-ops and rotational/training opportunities. Keurig Dr Pepper 3.2. In 1981 he and a partner bought a two-thirds stake in the small specialty coffee roasting company in Waitsfield, Vermont, that produced the roasted beans. [49] The partnership was part of Coca-Cola's support of a cold beverage system to be developed by Keurig that allows customers to make Coca-Cola and other brand soft drinks at home. [132], Through its owned brands and through its partnerships and licensing, Keurig Green Mountain's K-Cup pods offer more than 400 varieties of coffee, tea, and other beverages from 60 brands, including the top ten best-selling coffee brands in the U.S.[133][134], Founder Bob Stiller was president and CEO of the company from its inception in 1981 until 2007, when he stepped down but remained chairman until May 2012. [36] In 2010, Green Mountain Coffee bought the Canadian distributor, Quebec-based coffee services company Van Houtte, for $915 million. "Green Mountain Coffee Roasters - Fast Facts", https://www.forbes.com/companies/keurig-dr-pepper/#6e85850336df, "Keurig Dr Pepper Announces Successful Completion of the Merger between Keurig Green Mountain and Dr Pepper Snapple Group | Keurig Green Mountain Inc", "Keurig Green Mountain bought for $13.9 billion by firm that owns Peet's Coffee", "Keurig Green Mountain to be Acquired by JAB Holding Company-Led Investor Group for $92 Per Share in Cash", "JAB completes acquisition of Keurig Green Mountain", "JAB Holding Company-Led Investor Group Completes Acquisition of Keurig Green Mountain, Inc.", "Keurig is getting bought for $92 a share, stock jumps 75%", Keurig to Go Private in $13.9 Billion Buyout Led by JAB", "Keurig Green Mountain Snags Pinnacle Food’s CEO", Keurig Green Mountain Plans to Buy Dr Pepper Snapple, "Factbox: JAB's empire expands in soda with Dr Pepper Snapple deal", "Dr Pepper & Keurig Merger Nears Completion, Forms Board", "Chapter 4: Building a Better Cup of Coffee", KEURIG GREEN MOUNTAIN, INC. - FORM 8-K - EX-99.2 - PREPARED REMARKS - December 9, 2010, "Green Mountain booming with Coca-Cola partnership for new cold drink system", "Green Mountain Coffee's purchase of Keurig Inc. completed", "Green Mountain Coffee Roasters: Doing Well by Doing Good", "Green Mountain and TransFair to Market Fair Trade Coffee", "Green Mountain Coffee Roasters Acquires Frontier Organic Coffee Business", "Business; Global Issues Flow Into America's Coffee", "McDonald's Restaurants in New England & Albany, New York to Introduce Newman's Own Organics Coffee from Green Mountain Coffee Roasters", "Premier Employers of Food Processing: Green Mountain Coffee Roasters", "Would You Like A Million With That Coffee? KDP holds leadership positions in soft drinks, specialty coffee and tea, water, juice and juice drinks and mixers, and markets the #1 single serve coffee brewing system in the U.S. and Canada . Keurig Dr Pepper's acquisition of Big Red comes after Dr Pepper Snapple had a minority stake in the soda brand for a decade and a distribution partnership with … In addition, participating Dunkin’ Donuts restaurants on occasion offer Keurig Single-Cup Brewers for sale. [76][77] On July 10, shares in Keurig Dr Pepper (KDP) began trading on the New York Stock Exchange. Keurig Dr Pepper (KDP) is a leading beverage company in North America, with annual revenue in excess of $11 billion and nearly 26,000 employees. [16][17] To grow the business, Stiller sold the coffee to high-end restaurants and gas stations alike, and because he couldn't afford advertising, he gave out free samples. KDP strives to be an example of good human rights and labor practices throughout our business activities. Here is a snapshot of some of the brands in our family. [68][69], Also in September 2015, Keurig launched Keurig Kold, a brewer which created a variety of cold beverages including soft drinks, functional beverages, and sparkling waters. Keurig Dr Pepper Inc., formerly Keurig Green Mountain (2014–2018) and originally Green Mountain Coffee Roasters (1981–2014), is a publicly traded American beverage and beverage-maker conglomerate with headquarters in Burlington, Massachusetts. [23] The successive acquisition allowed Green Mountain to adopt a multi-brand portfolio, and multichannel distribution of brands in a variety of For more information on our brands, please visit our product facts page. [17] By 1993, the company had 2,400 wholesale accounts and sales of about $10 million,[17] and Green Mountain Coffee Roasters, Inc. started trading publicly, under the ticker "GMCR". [104] In its 2014 Sustainability Report, released in February 2015, Keurig Green Mountain re-affirmed that a priority for the company is ensuring that 100% of K-Cup pods are recyclable by 2020. [49] In January 2015, the company made a similar deal with Dr Pepper Snapple Group, but without a stockholder stake. It is one of the largest suppliers of double-certified fair-trade and organic coffee in the world. and PLANO, Texas, Oct. 26, 2020 / PRNewswire / -- Keurig Dr Pepper (NASDAQ: KDP) today announced that its Snapple® and CORE® brands are transitioning to bottles made of 100% recycled (rPET) plastic, eliminating approximately 46.3 million pounds of virgin plastic used by KDP annually. [10], The selling price, at $92 per share, represented a 77.9% premium over the closing price of Keurig Green Mountain (stock ticker "GMCR") on December 5, 2015. With a portfolio of more than 125 owned, licensed and partnered hot and cold beverage brands … [85][115][116][117], GMCR was a pioneer in the Fair Trade movement in 2000, guaranteeing farmers a steady minimum price far above market value. [19], Stiller embraced technology very early on – to track customers' orders; to regulate roasting-heat levels appropriate to each bag; and to track distribution, manufacturing, sales, and personnel (adopting PeopleSoft in 1997). [60], In March 2015, it launched the K-Mug pod, a recyclable pod which brews large travel mug–sized portions. It operates through the following segments: Coffee Systems, … [16] The store and cafe sold beans, grounds, and coffee to the public and a few restaurants. [11] Robert Gamgort, previously CEO of Pinnacle Foods, took over as KGM's new CEO in May 2016. At Keurig Dr Pepper, we’re building on our rich heritage to create the beverage company of the future. $15 an hour. [30] It also fueled enormous revenue growth, and allowed GMCR to transition fully from deriving 95% of its revenue from its low-margin wholesale coffee business in the late 1990s (approximately $65 million), to deriving 95% of its revenue from high-margin sales of K-Cups as of 2014 (more than $4.3 billion). Green Mountain Coffee Roasters (GMCR) had its inception when entrepreneur Bob Stiller discovered, near a Vermont ski resort, a cup of coffee he felt was so good he sought out the source of the coffee. Created by Canadian pharmacist and chemist John McLaughlin, Canada Dry gained much of its popularity during Prohibition as a mixer. [100][118][120] In addition, the company was from its beginnings known for its long-term relationships and fair dealings with coffee-growing suppliers, and for its large percentage of farmer-direct coffee purchases. [16][17][25] That year it signed an exclusive deal with American Skiing Company, offered its first corporate gifts catalogue, sold its certified organic coffee in ExxonMobil's national and international On the Run convenience stores, and expanded its supermarket distribution to 500 stores. The company expanded its retail locations, food-service distribution, mail-order business, and wholesale business. [118], Internally, GMCR has cultivated and maintained a flat corporate culture, where employee buy-in, enthusiasm and vision, collaboration, and input is important. [79] Dr Pepper Snapple Group continues to operate as a business unit under the Keurig Dr Pepper parent company. Your Browser does not support HTML5 Video tag or the video cannot be played. [85] It also established a vice president for corporate social responsibility who reports directly to the CEO. It meets the requirements of the California Transparency in Suppl… On July 9, 2018, Keurig Green Mountain acquired Dr Pepper Snapple Group, and became Keurig Dr Pepper; the following day the merged company … It all started in the Greenwich Village area of New York in 1972. [88][89][105][106][107], From its inception, and in tandem with its environmentally conscious outlook, Green Mountain has had a culture grounded in social responsibility, community mindedness, philanthropy, and respect for employees. [19] In 1992 it formed a Stewardship Program to promote sustainability and sound environmental practices;[19][81][82] in 1997 it pioneered the first biodegradable bag for bulk coffee purchases;[19] and in 2006 it introduced the ecotainer, a to-go cup for hot beverages made entirely out of renewable materials. Save job Not interested Report Job [45] In November 2012, GMCR released its espresso, cappucino, and latte brewer, the Rivo, co-developed with the Italian coffee company Lavazza. [19][22] In 1996 GMCR invested further in Keurig, buying a 35% interest in the company. [118] In 2002 GMCR was the first corporate investor of the non-profit micro-loan organization Root Capital,[125] and through it Green Mountain has provided millions of dollars in loans to cash-strapped coffee farmers. "[11], In July 2018, Keurig Green Mountain acquired Dr Pepper Snapple Group in a deal worth $18.7 billion, and the merged company changed its name to Keurig Dr Pepper, creating the third largest beverage company in North America. [24] The launch of the first K-Cups with Green Mountain Coffee helped GMCR begin to further compete with the ubiquitous presence of Starbucks, by allowing people to brew their own single servings of premium coffee. [29], In 2006, Green Mountain – which had successively invested in and acquired increasing percentage ownership of Keurig, Inc. in 1993, 1996, and 2003, by which time it had a 43% ownership – completed its full acquisition of the single-cup brewing systems manufacturer. [135][137] Brian Kelley, previously chief product supply officer of Coca-Cola Refreshments, became the company's president and CEO in December 2012. Here is a snapshot of some of the brands in our family. [8][9] Keurig Green Mountain became a privately held company, and remained an independent entity run by its existing management team, retaining its head office in Waterbury, Vermont. [64][65] General Electric announced that its new Café French Door refrigerator, due out in late 2015, would have a Keurig coffee machine built into the door. GMCR changed its name to Keurig Green Mountain in March 2014. (10 Bagger Book. [24][38], On September 28, 2010, the company's stock rose to what was then an all-time high, but the company disclosed after the markets closed that the Securities and Exchange Commission had requested documents and data related to an inquiry into how it accounted for revenue. 2 months ago - Keurig Dr Pepper transitions to 100% recycled plastic bottles for Snapple and CORE brands. [138][139], In March 2016, JAB Holding Company and other investors acquired Keurig Green Mountain. [54][55][56][57] The 2.0 brewer also has the capacity to brew full carafes in addition to single servings,[58][59] via the use of the new K-Carafe portion pack.

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