Bruegger's/Green Mountain Acquisition
On November 13, 2009 Green Mountain Coffee Roasters acquired Timothy's wholesale business from Sun Capital Partners, Inc. for a cash purchase price of approximately $157 million, in U.S. dollars, subject to adjustment. Concurrently, Bruegger's Enterprises, Inc. acquired Timothy's retail operations for an undisclosed sum.
Green Mountain acquired the Timothy's World Coffee wholesale business, but not their retail operations. Timothy's wholesale business will be maintained as a Canadian subsidiary, with operations integrated into Green Mountain's Specialty Coffee Business Unit.
Bruegger's Enterprises, Inc., through a wholly owned subsidiary called ThreeCaf Brands Canada Inc., assumed control of Timothy's three restaurant brands: Timothy's World Coffee, mmmuffins and Michel's Baguette. Bruegger's intends to continue operations of all three brands.
Read more about this topic: Timothy's World Coffee
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