Keurig Green Mountain and Reily Foods Company Announce Partnership
By Business Wire News
By Business Wire News
WATERBURY, Vt. & NEW ORLEANS
Keurig Green Mountain, Inc. (Keurig) (NASDAQ: GMCR), a leader in specialty coffee, coffee makers, teas and other beverages with its innovative brewing technology, and Reily Foods Company, New Orleans, LA, announced an exclusive multi-year manufacturing and distribution agreement for New England® brand coffee, New Orleans Famous French Market Since 1890® brand coffee, and Luzianne® brand iced tea pods for Keurig® hot brewing systems in the United States and Canada. Financial terms of the agreement were not disclosed.
“Consumers consistently choose the Keurig brewing system for its quality, simplicity, and unsurpassed variety, with over 400 varieties from 60 brands available in the system,” said John Whoriskey, president, U.S. sales and marketing at Keurig. “We welcome Reily Foods as a partner and look forward to offering Keurig consumers their favorite New England coffee, French Market coffee, and Luzianne iced teas made with the quality and consistency of Keurig.”
With this new agreement, consumers in at-home and away-from-home channels will be able to enjoy their favorite New England® brand coffee, French Market® brand coffee, and Luzianne® brand iced teas at the touch of a button in a variety of Keurig formats. The companies plan to launch the new, licensed K-Cup® pods in fall 2015. All Reily Foods K-Cup® pods will be marked with the Keurig Brewed® seal indicating the product has passed rigorous testing, assuring the quality, taste, and integrity consumers expect from the Keurig® brand.
“We are proud to partner with Keurig,” said David Darragh, president and CEO of Reily Foods Company. “We look forward to having our brands of coffee and tea more broadly available to users of Keurig’s brewing systems. The quality of our products matched with the convenience that the Keurig system delivers brings real benefits to our consumers.”
Based in New Orleans, Reily Foods Company has been offering consumers high-quality products and service since 1902. Reily Foods offers an assortment of quality coffees and teas:
- New England® brand coffee was founded in 1916 and offers superb Arabica blends, delicious flavored coffees, and full-bodied dark roasts.
- French Market® brand coffee was first produced in 1890. It has been the signature coffee in New Orleans’ finest restaurants for over 100 years. French Market coffee is slow roasted in small batches and specially ground to release the bold coffee flavor that makes this brand famous.
- Luzianne® brand tea is specially blended for clear, crisp and refreshing iced tea. It is recognized as the authentic Southern iced tea.
Keurig® hot system brewers use innovative brewing technology to deliver a fresh-brewed, perfect single cup or carafe of hot or brewed over ice coffee, tea, cocoa, or fruit brews every time at just the touch of a button. With Keurig® 2.0 brewing systems, consumers continue to get the same Keurig quality, simplicity, and beverage choice they expect with 60 brands and over 400 beverage varieties currently available, all brewed with Keurig’s new beverage-optimizing brewing technology.
About Reily Foods Company
Established in 1902, Reily Foods Company is a family-owned business based in New Orleans, one of the world’s great culinary centers. With manufacturing facilities in New Orleans LA, Knoxville TN and Malden MA, Reily Foods manufactures and markets a wide range of quality food products sold in grocery stores and restaurants throughout the United States. Reily Foods’ brands include Luzianne brand tea, New England brand coffee, French Market brand coffee, Blue Plate brand mayonnaise, JFG brand coffee and mayonnaise, Swans Down brand cake flour, Wick Fowler’s 2-Alarm brand and Carroll Shelby’s brand chili seasoning kits, La Martinique brand salad dressings, TryMe brand Tiger Sauce, and No Pudge! brand fat free brownie mixes. Reily Foods Company is also a trusted contract packer for some of the largest retail and industrial customers in the country. For more information visit: www.reilyfoods.com.
About Keurig Green Mountain, Inc.
As a leader in specialty coffee, coffee makers, teas and other beverages, Keurig Green Mountain (Keurig) (NASDAQ: GMCR), is recognized for its award-winning beverages, innovative brewing technology, and socially responsible business practices. The Company has inspired consumer passion for its products by revolutionizing beverage preparation at home and in the workplace. Keurig supports local and global communities by investing in sustainably-grown coffee and by its active involvement in a variety of social and environmental projects. By helping consumers drink for themselves, we believe we can brew a better world. For more information visit: www.KeurigGreenMountain.com. To purchase Keurig® products visit: www.Keurig.com or www.Keurig.ca.
Keurig routinely posts information that may be of importance to investors in the Investor Relations section of its website, www.KeurigGreenMountain.com, 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 Keurig as it is released.
Keurig Green Mountain Forward-Looking Statements
Certain information in this press release constitutes “forward-looking statements.” Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. They often include words such as “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “seeks” or words of similar meaning, or future or conditional verbs, such as “will,” “should,” “could,” “may,” “aims,” “intends,” or “projects.” However, the absence of these words or similar expressions does not mean that a statement is not forward-looking. 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 success of introducing and producing new product offerings, 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, projections for future capital expenditures, our expectations regarding purchasing shares of our common stock under the existing authorizations, projections of payment of dividends, the impact of pending shareholder litigation, and the impact of antitrust litigation pending against the Company in the United States and Canada. A forward-looking statement is neither a prediction nor a guarantee of future events or circumstances, and those future events or circumstances may not occur. Management believes that these forward-looking statements are reasonable as and when made. However, caution should be taken not to place undue reliance on any such forward-looking statements because such statements speak only as of the date when made. We expressly disclaim any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In addition, forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from our historical experience and our present expectations or projections. These risks and uncertainties include, but are not limited to, those described in Part I, “Item 1A. Risk Factors” and Part II “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our fiscal 2014 Annual Report filed on Form 10-K, elsewhere in that report and those described from time to time in our future reports filed with the Securities and Exchange Commission.
Keurig Green Mountain
Kristen Mercure, 802-488-2498
New England Tea & Coffee Company/Reily Foods Company
Michael McManama, 781-873-1531
Keurig Green Mountain
Kristi Bonner, 646-762-8095