M&A Deal Summary

Keurig Green Mountain Acquires Diedrich Coffee

On December 8, 2009, Keurig Green Mountain acquired beverage company Diedrich Coffee for 290M USD

Acquisition Highlights
  • This is Keurig Green Mountain’s 1st transaction in the Beverages sector.
  • This is Keurig Green Mountain’s 2nd largest (disclosed) transaction.
  • This is Keurig Green Mountain’s 3rd transaction in the United States.
  • This is Keurig Green Mountain’s 1st transaction in California.

M&A Deal Summary

Date 2009-12-08
Target Diedrich Coffee
Sector Beverages
Buyer(s) Keurig Green Mountain
Deal Type Add-on Acquisition
Deal Value 290M USD
Advisor(s) Houlihan Lokey (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

Diedrich Coffee

Irvine, California, United States
Diedrich Coffee specializes in sourcing, roasting and selling the world's highest quality coffees. The company markets its three brands of specialty coffees, Diedrich Coffee, Coffee People and Gloria Jean's Coffees, through office coffee service distributors, restaurants and specialty retailers, and via the company's web stores.

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Buyer(S) 1

Buyer

Keurig Green Mountain

Waterbury, Vermont, United States

Category Company
Founded 1981
Sector Beverages
Employees6,600
Revenue 4.7B USD (2014)
DESCRIPTION

Keurig Green Mountain, Inc. is a coffee roaster and packager based in Vermont. Keurig Green is a provider in specialty coffee, coffee makers, teas, and other beverages.


DEAL STATS #
Overall 4 of 7
Sector (Beverages) 1 of 3
Type (Add-on Acquisition) 3 of 5
State (California) 1 of 1
Country (United States) 3 of 4
Year (2009) 3 of 3
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-13 Timothys Coffees of the World

Toronto, Ontario, Canada

Timothys Coffees of the World, Inc. is a retailer and wholesaler of premium coffee and related food items. Headquartered in Toronto, Ontario, Timothy’s is a premium coffee company that produces specialty coffee, tea and other beverages in a variety of packaged forms.

Buy $157M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-17 LJVH Holdings

Montreal, Quebec, Canada

Van Houtte is a roaster and distributor of gourmet branded and private label coffee in Canada and a provider of coffee services throughout North America. The company sells through traditional wholesale outlets such as supermarkets and grocery stores in Canada and maintains a fleet for coffee services of almost 800 trucks.

Buy CA$915M