New England®, New Orleans Famous French Market
Since 1890®, and Luzianne® brands to join family of licensed Keurig
beverage brands
Keurig Green Mountain, Inc. (Keurig) (NASDAQ: GMCR), a leader in
specialty coffee, coffee makers, teas and other beverages with its
innovative brewing technology, and Reily Foods Company, New
Orleans, LA, announced an exclusive multi-year manufacturing and
distribution agreement for New England® brand coffee, New Orleans
Famous French Market Since 1890® brand coffee, and Luzianne® brand
iced tea pods for Keurig® hot brewing systems in the United States
and Canada. Financial terms of the agreement were not
disclosed.
“Consumers consistently choose the Keurig brewing system for its
quality, simplicity, and unsurpassed variety, with over 400
varieties from 60 brands available in the system,” said John
Whoriskey, president, U.S. sales and marketing at Keurig. “We
welcome Reily Foods as a partner and look forward to offering
Keurig consumers their favorite New England coffee, French Market
coffee, and Luzianne iced teas made with the quality and
consistency of Keurig.”
With this new agreement, consumers in at-home and away-from-home
channels will be able to enjoy their favorite New England® brand
coffee, French Market® brand coffee, and Luzianne® brand iced teas
at the touch of a button in a variety of Keurig formats. The
companies plan to launch the new, licensed K-Cup® pods in fall
2015. All Reily Foods K-Cup® pods will be marked with the Keurig
Brewed® seal indicating the product has passed rigorous testing,
assuring the quality, taste, and integrity consumers expect from
the Keurig® brand.
“We are proud to partner with Keurig,” said David Darragh,
president and CEO of Reily Foods Company. “We look forward to
having our brands of coffee and tea more broadly available to users
of Keurig’s brewing systems. The quality of our products matched
with the convenience that the Keurig system delivers brings real
benefits to our consumers.”
Based in New Orleans, Reily Foods Company has been offering
consumers high-quality products and service since 1902. Reily Foods
offers an assortment of quality coffees and teas:
- New England® brand coffee was founded
in 1916 and offers superb Arabica blends, delicious flavored
coffees, and full-bodied dark roasts.
- French Market® brand coffee was first
produced in 1890. It has been the signature coffee in New Orleans’
finest restaurants for over 100 years. French Market coffee is slow
roasted in small batches and specially ground to release the bold
coffee flavor that makes this brand famous.
- Luzianne® brand tea is specially
blended for clear, crisp and refreshing iced tea. It is recognized
as the authentic Southern iced tea.
Keurig® hot system brewers use innovative brewing technology to
deliver a fresh-brewed, perfect single cup or carafe of hot or
brewed over ice coffee, tea, cocoa, or fruit brews every time at
just the touch of a button. With Keurig® 2.0 brewing systems,
consumers continue to get the same Keurig quality, simplicity, and
beverage choice they expect with 60 brands and over 400 beverage
varieties currently available, all brewed with Keurig's new
beverage-optimizing brewing technology.
About Reily Foods Company
Established in 1902, Reily Foods Company is a family-owned
business based in New Orleans, one of the world's great culinary
centers. With manufacturing facilities in New Orleans LA, Knoxville
TN and Malden MA, Reily Foods manufactures and markets a wide range
of quality food products sold in grocery stores and restaurants
throughout the United States. Reily Foods’ brands include Luzianne
brand tea, New England brand coffee, French Market brand coffee,
Blue Plate brand mayonnaise, JFG brand coffee and mayonnaise, Swans
Down brand cake flour, Wick Fowler’s 2-Alarm brand and Carroll
Shelby’s brand chili seasoning kits, La Martinique brand salad
dressings, TryMe brand Tiger Sauce, and No Pudge! brand fat free
brownie mixes. Reily Foods Company is also a trusted contract
packer for some of the largest retail and industrial customers in
the country. For more information visit: www.reilyfoods.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 press release 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, projections for future capital expenditures, our
expectations regarding purchasing shares of our common stock under
the existing authorizations, projections of payment of dividends,
the impact of pending shareholder litigation, and the impact of
antitrust litigation pending against the Company in the United
States and Canada. 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 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
2014 Annual Report filed on Form 10-K, elsewhere in that report and
those described from time to time in our future reports filed with
the Securities and Exchange Commission.
KGM-G
Media:Keurig Green MountainKristen Mercure,
802-488-2498kristen.mercure@keurig.comorNew England Tea &
Coffee Company/Reily Foods CompanyMichael McManama,
781-873-1531michael.mcmanama@necoffeeco.comorInvestors:Keurig Green
MountainKristi Bonner, 646-762-8095kristi.bonner@keurig.com
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