Published: October 12, 2011
Mr. Coffee Brand and Green Mountain Coffee Roasters Announce Agreement for Expanded Line of Single-Cup Coffeemakers Utilizing Keurig-Brewed Technology
BOCA RATON, Fla. & WATERBURY, Vt. - (BUSINESS WIRE) - Jarden Consumer Solutions ("JCS" ), a wholly owned subsidiary of Jarden
Corporation (NYSE: JAH), and Keurig, Incorporated ("Keurig" ), a wholly
owned subsidiary of Green Mountain Coffee Roasters, Inc. ("GMCR" )
(NASDAQ: GMCR), today announced an agreement to expand the line of Mr.
Coffee single-cup coffeemakers. This expanded offering will
feature Keurig's branded, patented single-cup brewing
technology for use with the more than 200 varieties of gourmet coffees,
teas and hot cocoa packaged in Keurig's single-serve K-Cup®
portion packs. The Mr. Coffee single-cup coffeemakers will
now include brewers that feature reservoirs to quickly brew multiple
cups of coffee. This is an addition to the existing single-cup offering
of Mr. Coffee coffeemakers featuring Keurig's patented
single-cup brewing technology.
Jarden Consumer Solutions intends to commercialize this expanded
offering of coffeemakers alongside its current brewers in the U.S. and
Canada. Other terms and conditions of the development agreement were not
disclosed.
Alejandro Pena, Senior Vice President and General Manager, Global
Appliances, for JCS, stated, "We are very excited about the opportunity
to broaden our relationship with Keurig. As the leader in at-home coffee
brewing, the Mr. Coffee brand is able to expand the Keurig®
Single-Cup Brewing technology into additional brewers, making it
available to more consumers. This agreement represents an additional
important step in creating another solution for our many consumers while
satisfying their needs and broadening the Mr. Coffee
portfolio of products."
"The Mr. Coffee brand is well known to consumers and we're
pleased that Jarden Consumer Solutions has opted to expand its current
portfolio of Mr. Coffee coffeemakers leveraging Keurig's®
Single-Cup Brewing technology," said John Whoriskey, Vice President,
General Manager of Keurig's At Home Division. "With help from great
brands like Mr. Coffee, Keurig is changing the way North America brews."
Visit www.GreenMountainCoffee.com
and www.Keurig.com
for more information.
About Jarden Consumer Solutions
Jarden Consumer Solutions (JCS), a subsidiary of Jarden Corporation
(NYSE:JAH), is a leading consumer products company that designs,
manufactures and markets, nationally and internationally, a diverse
portfolio of consumer products under world-class brands such as Bionaire,
Crock-Pot, FoodSaver®, Health o meter®,
Holmes, Mr. Coffee®, Oster®, Patton®,
Rival, Seal-a-Meal®, skybar ,
Sunbeam and VillaWare®. JCS is headquartered in
Boca Raton, Florida, and employs more than 10,000 people in 15
countries. More information about JCS can be found on the Web at www.jardencs.com.
Headquartered in Rye, N.Y., Jarden Corporation ranks #379 on the Fortune
500 and has over 25,000 employees worldwide. For in-depth information
about Jarden, please visit www.jarden.com.
About Green Mountain Coffee Roasters, Inc. and Keurig
Keurig, Incorporated is a wholly owned subsidiary of Green Mountain
Coffee Roasters, Inc., (GMCR).
As a leader in specialty coffee and coffee makers, GMCR (NASDAQ: GMCR),
is recognized for its award-winning coffees, innovative Keurig
Single-Cup brewing technology, and socially responsible business
practices. GMCR supports local and global communities by offsetting 100%
of its direct greenhouse gas emissions, investing in sustainably-grown
coffee, and donating at least five percent of its pre-tax profits to
social and environmental projects.
GMCR routinely posts information that may be of importance to investors
in the Investor Relations section of its website, including news
releases and its complete financial statements, as filed with the SEC.
GMCR encourages investors to consult this section of its Website
regularly for important information and news. Additionally, by
subscribing to GMCR's automatic e-mail news release delivery,
individuals can receive news directly from GMCR as it is released.
GMCR-C
GMCR Forward-Looking Statements
Certain statements contained herein are not based on historical fact and
are "forward-looking statements" within the meaning of the applicable
securities laws and regulations. Generally, these statements can be
identified by the use of words such as "anticipate," "believe," "could,"
"estimate," "expect," "feel," "forecast," "intend," "may," "plan,"
"potential," "project," "should," "would," and similar expressions
intended to identify forward-looking statements, although not all
forward-looking statements contain these identifying words. Owing to the
uncertainties inherent in forward-looking statements, actual results
could differ materially from those stated here. Factors that could cause
actual results to differ materially from those in the forward-looking
statements include, but are not limited to, the impact on sales and
profitability of consumer sentiment in this difficult economic
environment, the Company's success in efficiently expanding operations
and capacity to meet growth, the Company's success in efficiently and
effectively integrating the Company's acquisitions, the Company's
success in introducing and producing new product offerings, the ability
of lenders to honor their commitments under the Company's credit
facility, competition and other business conditions in the coffee
industry and food industry in general, fluctuations in availability and
cost of high-quality green coffee, any other increases in costs
including fuel, the Company's ability to continue to grow and build
profits in the At Home and Away from Home businesses, the Company
experiencing product liability, product recall and higher than
anticipated rates of warranty expense or sales returns associated with a
product quality or safety issue, the impact of the loss of major
customers for the Company or reduction in the volume of purchases by
major customers, delays in the timing of adding new locations with
existing customers, the Company's level of success in continuing to
attract new customers, sales mix variances, weather and special or
unusual events, the impact of the inquiry initiated by the SEC and any
related litigation or additional governmental investigative or
enforcement proceedings, as well as other risks described more fully in
the Company's filings with the SEC. Forward-looking statements reflect
management's analysis as of the date of this release. The Company does
not undertake to revise these statements to reflect subsequent
developments, other than in its regular, quarterly earnings releases.
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GMCR
Suzanne DuLong, 802-882-8100
suzanne.dulong@gmcr.com
or
Mr.
Coffee
Hill & Knowlton
Cori Rice, 305-443-5454
Cori.rice@HillandKnowlton.com
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