America's Favorite Single Cup Brewer Gets the Best Stuff on Earth
America's Favorite Single Cup Brewer Gets the Best Stuff on Earth
Green Mountain Coffee Roasters, Inc. and Dr Pepper Snapple Group announce Snapple®iced teas in K-Cup®and Vue®packs for Keurig®single cup brewers
WATERBURY, Vt. & PLANO, Texas--(BUSINESS WIRE)-- Green Mountain Coffee Roasters, Inc. (GMCR) (NAS: GMCR) , a leader in specialty coffee and coffee makers, and Dr Pepper Snapple Group (DPS) (NYS: DPS) announce the companies have reached an agreement to offer Snapple® premium iced teas in K-Cup® and Vue® packs for Keurig® single cup brewing systems.
The new Snapple K-Cup® and Vue® packs will be filled with the finest teas to create a great-tasting iced tea experience with the ease and convenience of a Keurig® brewer. Snapple K-Cup® pack iced teas will be offered in a variety of at home and away from home channels for Keurig® brewer consumers in the United States and Canada in Spring 2013, withVue® packs to follow. The new beverages will join the current Brew Over Ice collection, a line specially crafted to brew iced beverages with any Keurig® brewing system, making it easy and convenient to get a refreshing iced beverage at home or in the office.
"We're happy to welcome Snapple to our family of Keurig® brewed iced beverages - a leader in the premium ready-to-drink tea category," says Lawrence J. Blanford, GMCR President and CEO. "The world's most popular beverage brands continue to see value in aligning with our Keurig® single cup brewing systems and, in turn, further our effort to offer unsurpassed choice to meet a broad range of consumer taste preferences for every beverage occasion. With the addition of Snapple to our family of valued partners and brands, we're thrilled to make available an even wider selection of well-known, quality brew over ice beverages to choose and enjoy at the touch of a button."
Founded in 1972 by three childhood friends, the Snapple brand got its start in Greenwich Village, New York and is now available throughout the United States. Snapple prides itself on developing, producing and marketing a wide variety of premium beverages, including ready-to-drink iced teas, juice drinks, 100% juices, and water.
"We are always looking for innovative new ways to bring our great brands to our consumers, and we think the Keurig® brewing system will do exactly that with Snapple," said Regan Ebert, Senior Vice President, Brand Marketing at DPS. "Through our relationship with GMCR, we're making Snapple teas available in an exciting new format that will introduce us to new occasions and bring new fans to the Snapple trademark."
GMCR's Keurig® single cup brewers for in home and office use utilize patented, innovative brewing and single-cup technology to deliver a fresh-brewed, perfect cup of hot or brewed over iced coffee, tea, cocoa, or fruit brews every time at just the touch of a button. According to the NPD Group, Keurig® single cup brewers were the top four bestselling coffee makers and had five total in the top 10, including Vue®, during GMCR's fiscal third quarter 2012 by dollar sales.
About Dr Pepper Snapple Group
Dr Pepper Snapple Group (NYS: DPS) is a leading producer of flavored beverages in North America and the Caribbean. Our success is fueled by more than 50 brands that are synonymous with refreshment, fun and flavor. We have 6 of the top 10 non-cola soft drinks, and 11 of our 14 leading brands are No. 1 in their flavor categories. In addition to our flagship Dr Pepper and Snapple brands, our portfolio includes 7UP, A&W, Canada Dry, Clamato, Crush, Hawaiian Punch, Mott's, Mr & Mrs T mixers, Peñafiel, Rose's, Schweppes, Squirt and Sunkist soda. To learn more about our iconic brands and Plano, Texas-based company, please visit DrPepperSnapple.com. For our latest news and updates, follow us at Facebook.com/DrPepperSnapple or Twitter.com/DrPepperSnapple.
About Green Mountain Coffee Roasters, Inc.
As a leader in specialty coffee and coffee makers, Green Mountain Coffee Roasters, Inc. (GMCR) (NAS: 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 a portion of its 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. The Company encourages investors to consult this section of its website regularly for important information and news. Additionally, by subscribing to the Company's automatic email news release delivery, individuals can receive news directly from GMCR as it is released.
Certain information contained in this release, including statements concerning expected performance such as those relating to net sales, earnings, cost savings, acquisitions and brand marketing support, are "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. Generally, these statements may be identified by the use of words such as "may," "will," "would," "expect," "should," "anticipate," "estimate," "believe," "forecast," "intend," "plan" and similar expressions intended to identify forward-looking statements. These statements may relate to: the expected impact of raw material costs and our pricing actions on our results of operations and gross margins, expected trends in net sales and earnings performance and other financial measures, the expected productivity and working capital improvements, the ability to maximize or successfully assert our intellectual property rights, the success of introducing and producing new product offerings, ability to attract and retain senior management, the impact of foreign exchange fluctuations, the adequacy of internally generated funds and existing sources of liquidity, such as the availability of bank financing, the expected results of operations of businesses acquired by us, our ability to issue debt or additional equity securities, our expectations regarding purchasing shares of our common stock under the existing authorizations, and the impact of the inquiry initiated by the SEC and any related litigation or additional governmental inquiry or enforcement proceedings.
These and other forward-looking statements are based on management's current views and assumptions and involve risks and uncertainties that could significantly affect expected results. Results may be materially affected by external factors such as damage to our reputation or brand name, business interruptions due to natural disasters or similar unexpected events, actions of competitors, customer relationships and financial condition, the ability to achieve expected cost savings and margin improvements, the successful acquisition and integration of new businesses, fluctuations in the cost and availability of raw and packaging materials, changes in regulatory requirements, and global economic conditions generally which would include the availability of financing, interest, inflation rates and investment return on retirement plan assets, as well as foreign currency fluctuations, risks associated with our information technology systems, the threat of data breaches or cyber-attacks, and other risks described in the Company's filings with the Securities and Exchange Commission.
Actual results could differ materially from those projected in the forward-looking statements. The Company undertakes no obligation to update or revise publicly, any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.
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GMCR's Specialty Coffee Business Unit
Kristen Mercure, 802-882-2270
Dr Pepper Snapple Group
Chris Barnes, 972-673-5539
Green Mountain Coffee Roasters, Inc.
Katie Gilroy, 781-205-7345
KEYWORDS: United States North America Texas Vermont
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