Mergers & Acquisitions: Green Mountain Coffee Roasters Buys Van Houtte For $890 Million
Green Mountain Coffee Roasters (NASDAQ:GMCR) announced it has entered into a definitive agreement to acquire coffee Canada-based firm LJVH Holdings, also known as Van Houtte, for 0 million. The company is currently owned by private equity firm Littlejohn & Co. the company said, “We have had a strong and mutually beneficial relationship with Van Houtte since 2001 when they first became a Keurig licensee and we’re confident that the company and its well known Canadian brands including Van Houtte, Brulerie St. Denis, Les Cafes Orient Express Coffee and Brulerie Mont Royal are great additions to GMCR,” SmarTrend is bullish on shares of Green Mountain Coffee Roasters and our subscribers were alerted to buy on June 15, 2010 at .27. The stock has risen 34.1% since the alert was issued.
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