Massachusetts Governor Deval Patrick Commends Green Mountain Coffee Roaster Inc. and Keurig on Corporate Social Responsibility
Patrick Visits Keurig, Incorporated Headquarters in Reading, MA
READING, Mass.--(BUSINESS WIRE)--
On Tuesday July, 19th, Massachusetts Governor Deval Patrick
visited Reading-based Keurig, Incorporated, a wholly-owned subsidiary of
Green Mountain Coffee Roasters, Inc., (GMCR) (NASDAQ: GMCR) to applaud
the company and its employees on its long-standing commitment to
innovation, job creation, corporate giving and volunteerism. Governor
Patrick was greeted at the Keurig® headquarters' entrance by Keurig
President, Michelle Stacy, and the entire staff where he participated in
a meet-and-greet style discussion with the senior management team and
then toured the facility.
Massachusetts Governor Deval Patrick Visits Keurig, Incorporated Headquarters in Reading, MA (Photo: Business Wire)
During his tour, Governor Patrick sampled Keurig-brewed beverages while
congratulating the company and its employees on the positive impact
Keurig has had on both Greater Boston and the state of Massachusetts.
Upon reflection Governor Patrick noted, "Keurig's commitment to
corporate giving and strong focus on innovation has proven fruitful for
both the company and the Commonwealth," said Governor Patrick. "Keurig
is a wonderful example of a company dedicated to improving the lives not
only of its employees but its local communities and beyond."
GMCR and its business units, including Keurig, support local and global
communities by offsetting 100% of its greenhouse gas emissions,
investing in sustainably grown coffee, and allocating at least five
percent of its pre-tax profits to social and environmental projects.
GMCR and its business units give back through donations, employee
volunteerism, and local as well as national grants. Through its "CAFE
Time" or "Community Action for Employees" programs, GMCR encourages its
employees to volunteer up to 52 hours annually of company-paid service
to give back to local organizations and communities. GMCR reinforces
such mantras through their purpose statement: Create the ultimate coffee
experience in every life we touch, from tree to cup — transforming the
way the world views business.
As a leader in innovation and single-cup technology, GMCR and Keurig
have delivered considerable growth both in dollar sales and in number of
employees. Keurig continues to grow rapidly in the Greater Boston area
and expects that by the end of the 2011 calendar year, it will have
added approximately 170 new hires.
Governor Patrick's visit to Keurig's Reading headquarters was an
admirable and encouraging occasion showcasing a company that has
demonstrated an ability to create jobs, contribute to its community and,
simply, innovate, and continues to positively affect communities
nationwide.
About Keurig, Incorporated® and Green Mountain Coffee Roasters, Inc.
(NASDAQ: GMCR)
Keurig, Incorporated, a wholly-owned subsidiary of Green Mountain Coffee
Roasters, Inc., is a pioneer and leading manufacturer of single-cup
brewing systems. Keurig's proprietary brewing system combines a
pressurized hot water brewer with multiple varieties of K-Cup® portion
pack beverages which feature a patented design that preserves the
freshness of gourmet coffee, tea and other beverages. For more
information, please visit www.keurig.com
or call 888-CUP-BREW.
As a leader in specialty coffee and coffee makers, Green Mountain Coffee
Roasters, Inc. (NASDAQ: GMCR), is recognized for its award-winning
coffees, innovative brewing technology, and socially responsible
business practices. GMCR's operations are managed through three business
units. The Keurig business unit is comprised of Keurig, Incorporated, a
wholly owned subsidiary of GMCR. Keurig is a pioneer and leading
manufacturer of gourmet single-cup brewing systems for both at-home and
away-from home use, predominantly in North America. The Specialty Coffee
business unit produces, markets and sells coffee, tea, hot cocoa and
other beverages in a variety of packaging formats, including K-Cup® portion
packs for Keurig Single-Cup Brewers. The Specialty Coffee business
unit's family of brands includes Green Mountain Coffee®, Tully's
Coffee®, Timothy's World Coffee®, Diedrich Coffee®,
and Coffee People®, as well as its licensed brands of Bigelow®,
Caribou Coffee®, Celestial Seasonings®, Emeril's®,
Gloria Jean's®, Kahlua®, Newman's Own®
Organics and Twinings®. The Canadian business unit, which is
primarily the former Van Houtte business, produces, markets and sells
Van Houtte®, Brûlerie St. Denis®, Les Cafés Orient
Express Coffee®, and Brûlerie Mont Royal® coffees
in K-Cup® portion packs and other packaging formats and is
responsible for managing the Van Houtte business as well as the grocery
channel for all GMCR coffee brand sales in Canada. 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 web site, including news
releases and its complete financial statements, as filed with the SEC.
GMCR encourages investors to consult this section of its web site
regularly for important information and news. Additionally, by
subscribing to GMCR's automatic email news release delivery, individuals
can receive news directly from GMCR as it is released.
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 Timothy's and Diedrich's wholesale operations
and capacity into its Specialty Coffee business unit, integrating the
Van Houtte business, 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, Keurig's ability to continue to
grow and build profits with its roaster partners 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.
GMCR-K
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Gear Communications
Lindsay Wester, 781-279-3250
Lwester@gearcommunications.com
Source: Keurig, Incorporated
News Provided by Acquire Media
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