Leading coffee company to invest $350 million in community

Keurig Green Mountain, Inc. (Keurig), a leader in specialty coffee and innovative single-serve brewing systems, today announced plans to construct a new, state-of-the-art roasting and packaging facility in Spartanburg County, South Carolina. The company is projected to bring $350 million of capital investment and create 500 new jobs.

With a history dating back to 1981, Keurig’s products are utilized in 25 million homes throughout North America. More than 50 leading global coffee, tea and cocoa brands have partnered with Keurig, offering customers approximately 500 varieties.

Located in the Tyger River Industrial Park in Moore, S.C., the company’s new production facility will primarily house coffee roasting and packaging for Keurig’s single-serve K-Cup® pods, along with potential to support beverage distribution and warehousing in the future.

The Coordinating Council for Economic Development has approved job development credits related to this project.

Commenting on the new facility, Keurig Green Mountain Chief Supply Chain Officer Richard Jones said, “The Keurig Green Mountain business continues to grow. As we plan for the future, we’re pleased to locate our newest facility in Spartanburg County to support our growth. We view the region’s talented employee base and attractive business environment as the right place to invest.”

Governor Henry McMaster added, “We couldn’t be more excited that Keurig Green Mountain has chosen to call Spartanburg County home. The 500 new jobs this investment means for our people will make a big difference in the lives of South Carolinians, and I congratulate this great company on all they’ve achieved.”

“South Carolina’s favorable business environment, skilled workforce and unparalleled infrastructure offer a recipe for success. I’m excited to welcome Keurig to Team South Carolina, and we look forward to seeing the difference these 500 new jobs will make in the community,” stated Secretary of Commerce Bobby Hitt.

S.C. Commissioner of Agriculture Hugh Weathers added, “We welcome Keurig Green Mountain to Spartanburg County and to the booming agribusiness community in South Carolina. Your $350 million investment in the Upstate and our commitment to growing South Carolina’s $42 billion agribusiness industry are the perfect blend for a successful partnership.”

“We are very excited that Keurig Green Mountain, Inc. has chosen Spartanburg County as the location to establish a start-of-the-art operations facility. The Economic Futures Group, along with key allies at our local utilities, county planning and development, our property development partners at Pacolet Milliken and the S.C. Department of Commerce, enjoyed working with the Keurig team on this great opportunity,” said David Britt, chairman of Economic Development Committee of Spartanburg County Council and board member of the Spartanburg Economic Futures Group.

Spartanburg Economic Futures Group Board Chairman Ethan Burroughs concluded, “We enthusiastically welcome Keurig Green Mountain, Inc. to Spartanburg County where we work diligently to help and support new industry. We are confident that Keurig, as an industry leader and a globally respected brand, will thrive and find ample opportunity in our international-friendly Upstate community.”

FIVE FAST FACTS

  • Keurig Green Mountain, Inc. is locating new operations in Spartanburg County.
  • $350 million investment to create 500 jobs.
  • Keurig is a specialty coffee and coffee maker company whose products are used in 25 million homes throughout North America.
  • Keurig was established in 1981.
  • The company’s new roasting and packaging facility will be located in the Tyger River Industrial Park in Moore, S.C.

About Keurig Green Mountain, Inc.

Keurig Green Mountain, Inc. (Keurig) is a leader in specialty coffee and innovative single serve brewing systems. Committed to delivering exceptional coffee for more than 35 years, today our Keurig® coffee makers and single serve hot beverages are in 25 million homes throughout North America. In under a minute, Keurig® brewers consistently and conveniently deliver a fresh-brewed, great tasting cup with just the push of a button. As a testament to that quality, more than 50 leading global coffee, tea and cocoa brands have partnered with Keurig, joining beloved owned brands like Green Mountain Coffee® and The Original Donut Shop® coffee to offer consumers vast personal choice from 500+ varieties. As a company founded on social responsibility, Keurig is committed to using the power of business to brew a better world through our work to build resilient supply chains, sustainable products, and thriving communities. For more information, visit www.keuriggreenmountain.com, and to purchase Keurig products visit www.keurig.com or www.keurig.ca.

About S.C. Department of Commerce

As South Carolina's leading economic development agency, the Department of Commerce works to recruit new businesses and help existing business grow. S.C. Commerce has recruited world-class companies to South Carolina such as BMW, Boeing, Continental, Giti Tire, LPL Financial Holdings, Mercedes-Benz Vans, Samsung, Toray and Volvo Cars and also supports startups, small and existing business, innovation and rural development initiatives. S.C. Commerce partners with the S.C. Technical College System via readySC to support workforce training and recruiting, and with the S.C. Department of Employment and Workforce, which provides worker training and employment opportunities within the state. With a strong international footprint, since 2011, the Palmetto State has ranked among top three in the nation for attracting jobs through foreign investment on a per capita basis, according to IBM-Plant Location International. Additionally, in five of seven years, the state has won the Gold Shovel Award from Area Development magazine; and, in 2017, the state was recognized as Business Facilities' State of the Year. For more information, visit www.SCcommerce.com.

MEDIA CONTACTS:Keurig Green Mountain, Inc.Katie Gilroy, 781-418-3345Senior Manager of Corporate CommunicationsKatie.gilroy@keurig.comorSouth Carolina Department of CommerceAdrienne R. Fairwell, APR, 803-737-1998Director of Marketing & Communicationsafairwell@sccommerce.comwww.SCcommerce.comorINVESTOR CONTACT:Keurig Green Mountain, Inc.Maria Sceppaguercio, 781-418-8136Senior Vice President, Investor Relationsmaria.sceppaguercio@keurig.com