ATLANTA & WATERBURY, Vt.--(BUSINESS WIRE)--
Georgia Governor Nathan Deal announced today that Keurig Green Mountain,
Inc. (Keurig) (NASDAQ: GMCR) will open a manufacturing facility in
Douglas County, Ga.Keurig has closed on the purchase of a 585,000
square foot building for renovation in Douglasville, and anticipates
creating 550 new jobs and investing $337 million into the facility over
the next five years.
"Keurig's new facility is a great addition to Georgia's already diverse
manufacturing industry and will provide many good jobs for our
citizens," said Gov. Deal. "The fact that the company has chosen to
manufacture it new product line in Georgia is a testament to our skilled
workforce and logistics infrastructure."
Keurig's innovative Keurig® Hot Brewing System delivers convenience,
variety, and consistent great taste at the touch of a button, through a
premium brewer portfolio and an expanding family of more than 50 quality
brands and 290 beverages. The new Douglas County manufacturing center
will support the production of pods for the company's new Keurig® Cold
platform, an in-home cold beverage system that will give consumers a
convenient way to quickly produce their favorite cold beverage brands
with the same one-touch simplicity, quality, and variety that consumers
enjoy from the Keurig® brand.
In February, Keurig and The Coca-Cola Company announced the companies
had entered into a long-term, global strategic partnership to
collaborate on the development and introduction of The Coca-Cola
Company's global brand portfolio for use in the Keurig Cold™ beverage
system and will cooperate to bring the system to consumers around the
world. The system is currently under development with expected
availability in fiscal year 2015.
"Keurig Cold is an exciting new multi-brand platform for our company,
and ensuring beverage pod production capacity and efficiency are key to
its success," said Brian Kelley, Keurig's President and CEO. "The
Douglas County region offers a diverse and skilled employee base as well
as many geographic and economic benefits, making it a great location for
our new facility. We are grateful for the support we have received from
local and state representatives to help bring us to the region, and we
look forward to becoming an active part of the community."
In addition to the new Douglas County location, Keurig maintains eight
production and distribution facilities in Castroville, California;
Knoxville, Tennessee; Windsor, Virginia; Essex, Waterbury, and
Williston, Vermont; Sumner, Washington; and Montréal, Québec. The
Company also conducts research and development activities in facilities
in Burlington, Reading, and Wakefield, Massachusetts; and in Waterbury,
Vermont. The Douglas County site will complement the company's new Early
Production Center in Williston, Vermont, which will serve as a hub for
Keurig® Cold start-up and early production work.
The Douglas County Development Authority and Annie Baxter, director of
the logistics, energy, agribusiness and food team at the Georgia
Department of Economic Development (GDEcD) assisted the company with
this project. Keurig was represented throughout the search process by
Lake Forest, IL based Kupperman Location Solutions. Keurig is also
working with Cincinnati-based Hixson Inc. Architecture, Engineering,
Interiors on the engineering for the new site.
"Douglas County is honored that Keurig has chosen us for its newest
location. They have trusted their brand to our County, and we are
grateful. Douglas County has great locations, great transportation, low
taxes, and high livability, and we welcome Keurig to our community,"
said Douglas County Commission Chairman Tom Worthan.
"I am excited to welcome Keurig to Douglasville. Keurig in their
partnership with the Coca-Cola Company represents the type of corporate
citizenry that continues to help make Douglasville one of the premier
places in America to live, work, play and raise a family. Our labor
force, infrastructure, collaborative efforts, and quality of life are
the reasons for choosing Douglasville and why Georgia is the number one
state to do business," said Douglasville Mayor Harvey Persons.
"I am excited to see an innovative company such as Keurig partner with
one of Georgia's biggest brand names -- The Coca-Cola Company," said
GDEcD Commissioner Chris Carr. "Our pro-business environment sets the
stage for businesses to collaborate, and this is a tremendous example of
such a partnership."
"We are pleased to welcome Keurig and its new processing facility to
metro Atlanta," said Hala Moddelmog, president and CEO of the Metro
Atlanta Chamber. "This boost in manufacturing jobs and investment in
metro Atlanta's food and beverage industry is a huge win for Douglas
County and for our region. Keurig, one of the most widely recognized
beverage brands, will benefit from our skilled workforce, warehouse
space and supply chain infrastructure."
Keurig will be taking applications online this fall for a variety of job
opportunities, including production, maintenance, engineering, materials
management, safety, facilities, continuous learning, IT, quality, and
more. For more information on career opportunities visit www.KeurigGreenMountain.com
or the Keurig Green Mountain Careers Facebook page, or email jobs@gmcr.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 filing 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, our expectations regarding purchasing shares of our
common stock under the existing authorizations, projections of payment
of dividends, the impact of the inquiry initiated by the SEC and any
related litigation or additional governmental inquiry or enforcement
proceedings, and the impact of any pending or future antitrust
litigation. 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 Company's 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 2013 Annual Report filed on Form 10-K, as amended, and elsewhere
in this report and those described from time to time in our future
reports filed with the Securities and Exchange Commission.
Actual results could differ materially from those projected in the
forward-looking statements. We expressly disclaim any obligation to
update or revise any forward-looking statements, whether as a result of
new information, future events or otherwise.
KGM-G, KGM-US
Keurig Green Mountain, Inc.
Sandy Yusen, 802-488-1462
M:
802-233-6759
Director, Corporate Communications & Community
Relations
sandy.yusen@gmcr.com
or
Georgia
Department of Economic Development
Stefanie Paupeck, 404-962-4075
M:
404-290-3558
Director of Communications
SPaupeck@georgia.org
Source: Keurig Green Mountain, Inc.
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