Coffee roaster, Bruegger’s expand north

Two Vermont companies — Bruegger’s Enterprises and Green Mountain Coffee Roasters — will split up a Toronto-based coffee roaster with 140 retail locations mostly in Ontario and Quebec. The deal, valued at more than $157 million, will dramatically expand each company’s presence north of the border.

Green Mountain Coffee Roasters Inc. and Bruegger’s Enterprises Inc. announced the purchase of Timothy’s Coffees of the World Inc. on Friday morning. Waterbury-based Green Mountain Coffee acquired the wholesale roasting business for $157 million, and Bruegger’s is absorbing the retail operation for an undisclosed sum. Bruegger’s marketing director, Tom Piper, called the transaction a “significant deal.”

[Via Burlingtonfreepress.com]