Green Mountain Coffee Roasters Acquires Timothy’s Coffees of the World
|Areas||Commercial Real Estate, Corporate and Commercial, Corporate Finance and Securities, Employment and Labour, Intellectual Property , Pensions, Private Equity, Tax|
Goodmans represented Green Mountain Coffee Roasters, Inc. ("GMCR") in connection with the acquisition of Timothy’s Coffees of the World, Inc. from an affiliate of Sun Capital Partners, Inc. for US$157 million in cash. The acquisition includes the Timothy’s World Coffee® brand and wholesale business (retail operations are not included), and will be maintained as a wholly owned Canadian subsidiary, with operations integrated into GMCR’s Specialty Coffee Business Unit.
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. The acquisition provides GMCR with a Canadian presence and a coffee roasting facility in Toronto. GMCR is a leading specialty coffee company based in Waterbury, Vermont.