[41][42], In February 2011 Green Mountain announced an agreement with Dunkin' Donuts to make Dunkin’ Donuts coffee available in single-serve K-Cup pods for use with Keurig Single-Cup Brewers. [70] The machine brewed beverages from The Coca-Cola Company and the Dr Pepper Snapple Group, in addition to Keurig's own line of flavored sparkling and non-sparkling waters and teas, sports drinks, and soda-fountain drinks. It also provides single serve brewing systems. [61][62][63] In mid 2015 Keurig debuted the K200, a smaller Keurig 2.0 model that can brew single cups or four-cup carafes and comes in a variety of colors. [140][141], This article is about the company. Download 2019 Annual Report (5.1 MB) 2018 Keurig Dr Pepper. [19] In 1992 it formed a Stewardship Program to promote sustainability and sound environmental practices;[19][81][82] in 1997 it pioneered the first biodegradable bag for bulk coffee purchases;[19] and in 2006 it introduced the ecotainer, a to-go cup for hot beverages made entirely out of renewable materials. Keurig Dr Pepper is committed to working with and providing reasonable accommodations … What has helped KDP outperform the market? [30][34] In November 2009, Green Mountain acquired the wholesale division of Canadian coffee provider Timothy's for $157 million. KDP holds leadership positions in soft drinks, specialty coffee and tea, water, juice and juice drinks and mixers, and markets the #1 single serve coffee brewing system in the U.S. and Canada. More. [96], Environmental advocates and journalists have criticized the company for the billions of non-recyclable and non-biodegradable K-Cups consumers purchase and dispose of every year,[97][98] and for the dichotomy between the company's historic environmentally conscious image and the impact of K-Cups on the environment. [130][131], The Canadian business unit – Keurig Canada Inc. – sells Keurig brewers, and produces and sells coffees, teas, and other beverages in a variety of packaging formats, including Keurig pods, as well as coffee in traditional packaging such as bags, cans, and fractional packs. [111] It re-entered the "100 Best Corporate Citizens" list in 2010[112] and 2013. Snapple Logo. [19], Stiller bought out his two partners for $100,000 and became sole proprietor of the company within two years of his original purchase,[16] but it took four years to turn a profit. Keurig Dr Pepper Inc., formerly Keurig Green Mountain (2014–2018) and originally Green Mountain Coffee Roasters (1981–2014), is a publicly traded American beverage and beverage-maker conglomerate with headquarters in Burlington, Massachusetts. Keurig Dr Pepper Welcome to the new Keurig Dr Pepper Canada - a leading producer and distributor of hot and cold beverages for any occasion. [135][136] Lawrence J. Blanford became Green Mountain's president and CEO in 2007. Keurig Dr Pepper Announces Closing of Secondary Offering of Common Stock Keurig Dr Pepper (NASDAQ: KDP) (the "Company" or "KDP") announced today the completion of its previously-announced registered public secondary offering of 60 million shares of the Company's... Nov 17, 2020 Reviews from Keurig Dr Pepper employees about Keurig Dr Pepper culture, salaries, benefits, work-life balance, management, job security, and more. [49] In January 2015, the company made a similar deal with Dr Pepper Snapple Group, but without a stockholder stake. [16] The store and cafe sold beans, grounds, and coffee to the public and a few restaurants. Welcome to Keurig Dr Pepper - a leading producer and distributor of hot and cold beverages to satisfy every consumer need, anytime and anywhere Responding to COVID-19 We’re committed to keeping our employees safe and healthy, delivering for our customers and consumers, and providing for our communities. MORE FOR YOU A Government Shutdown … Keurig. [86], The company offsets 100% of its direct greenhouse gases,[87] and prioritizes waste reduction and responsible energy use, and sustainability over the life-cycle of its products. Dr Pepper Logo. Keurig Dr Pepper (NASDAQ: KDP) announced today that it had reached agreements with The Red River Beverage Group and The Made-Rite Company to acquire the … Currency in USD, Trade prices are not sourced from all markets, Stock Frenzy Quietly Erupting in One Tiny Sector. [113] In 2005, Green Mountain released its first Corporate Social Responsibility Report. Computershare Trust Company, N.A. Glassdoor is your resource for information about Keurig Dr Pepper benefits and perks. [108][118][122] GMCR has prioritized initiatives to alleviate poverty and hunger in coffee-growing communities. Keurig Dr Pepper (NASDAQ: KDP) announced today that it had reached agreements with The Red River Beverage Group and The Made-Rite Company to acquire the manufacturing, sales and distribution rights to key KDP owned and licensed brands in 37 counties in east Texas and northern Louisiana, reaching 1.5 million consumers. July 2020 Thursday, July 30, 2020 8:00am - 9:00am EDT Listen to the Webcast. Transcript. [78] Its stock switched to NASDAQ in 2020. 169 KB. [138][139], In March 2016, JAB Holding Company and other investors acquired Keurig Green Mountain. Keurig Dr Pepper’s revenues registered a y-o-y growth of 1.8% and 5.2% in Q2 2020 and Q3 2020, respectively. [118][100][119] Since 2010 Green Mountain has been the largest purchaser of Fair Trade coffee in the world. [108] Among other recognition and awards for its corporate social responsibility (CSR),[90] GMCR was in the top ten of the "100 Best Corporate Citizens" each year from 2003 to 2007, and was ranked #1 in 2006 and 2007. [11] Robert Gamgort, previously CEO of Pinnacle Foods, took over as KGM's new CEO in May 2016. [72], On December 7, 2015, an investor group led by private-equity firm JAB Holding Company announced its intent to acquire Keurig Green Mountain for $13.9 billion. Keurig Dr Pepper (NASDAQ: KDP) (the "Company" or "KDP") announced today the pricing of its previously-announced registered public secondary offering of 60 … [118], Internally, GMCR has cultivated and maintained a flat corporate culture, where employee buy-in, enthusiasm and vision, collaboration, and input is important. Reviews from Keurig Dr Pepper employees about Keurig Dr Pepper culture, salaries, benefits, work-life balance, management, job security, and more. Keurig Dr Pepper is committed to working with and providing reasonable accommodations to individuals with disabilities. Canada Dry Logo. The Worcester company has entered into a long-term franchise agreement with Keurig Dr Pepper … [50] In June 2016 Keurig announced it was discontinuing the machine and offered refunds to purchasers. Benefits information above is provided anonymously by current and former Keurig Dr Pepper employees, and may include a summary provided by the employer. For the coffee brewing machine, see, Keurig and the launch of K-Cups with Green Mountain Coffee, Acquisition of Dr Pepper Snapple Group and company name change. Dlabay, Les; Burrow, James; Kleindl, Brad. Among other initiatives within Green Mountain's first decade, in 1983 employees began composting used coffee grounds at its retail stores; in 1986 the company introduced its first organic coffee in a retail market test;[19] in 1989 it formed an Employee Environmental Committee, and began a recycling program;[19] and in 1990 it introduced Rain Forest Nut coffee to sponsor rainforest preservation, donating 10% of the product's profits to Conservation International and the Rainforest Alliance, and it introduced the first earth-friendly, oxygen-whitened, dioxin-free coffee filters. It is one of the largest suppliers of double-certified fair-trade and organic coffee in the world. For more information on the combined company, visit www.keurigdrpepper.com. Keurig Dr Pepper isn't a boring soft drink company from the 1880s. Athavaley, Anjali and Sruthi Ramakrishnan. Advanced Search. [83][84], In 2005, Green Mountain was the first coffee company to support the United Nations' Global Reporting Initiative mission to develop globally accepted sustainability reporting guidelines. [17] In 1998 GMCR closed its 12 retail shops in favor of the burgeoning direct-mail and online market, its growing distributions to business offices and other national venues, and its wholesale market. All rights reserved. In 1986, he launched a mail-order business which he advertised in gourmet magazines, and acquired his first supermarket-chain customer, Kings. ABOUT KEURIG DR PEPPER Keurig Dr Pepper (KDP) is a leading beverage company in North America, with annual revenue in excess of $11 billion and nearly 26,000 employees. [49] The partnership was part of Coca-Cola's support of a cold beverage system to be developed by Keurig that allows customers to make Coca-Cola and other brand soft drinks at home. [79] Dr Pepper Snapple Group continues to operate as a business unit under the Keurig Dr Pepper parent company. [18] By 1982 the company had around 30 employees, and moved its production facilities to Waterbury, Vermont. The company expanded its retail locations, food-service distribution, mail-order business, and wholesale business. [76][77] On July 10, shares in Keurig Dr Pepper (KDP) began trading on the New York Stock Exchange. [118][121][108][119] Since the early 1990s, the company has annually sent groups of employees on trips to coffee farms in Latin America, to gain first-hand experience in the lives of coffee growers. The average Keurig Dr Pepper salary ranges from approximately $22,697 per year for Merchandiser to $101,844 per year for Trading Manager. [5] Its east-coast division sells coffee and other beverages, and Keurig brewers. [74][6][75][11], The acquisition closed in March 2016. A NEW CHALLENGER IN THE BEVERAGE INDUSTRY View … Learn about Keurig Dr Pepper , including insurance benefits, retirement benefits, and vacation policy. Keurig Dr Pepper. Polar Beverages is about to uncork a nationwide expansion. [80], GMCR began to embrace an environmental ethos within two years of its founding, and environmentalism and sustainability were overarching policies for which Green Mountain became well known. Average Keurig Dr Pepper hourly pay ranges from approximately $12.53 per hour for Helper to $25.70 per hour for Mechanic. But legendary investor Whitney Tilson says the biggest part of this story is coming soon. Keurig Dr Pepper Inc., formerly Keurig Green Mountain (2014–2018) and originally Green Mountain Coffee Roasters (1981–2014), is a publicly traded American beverage and beverage-maker conglomerate with headquarters in Burlington, Massachusetts. [85] In addition to its environmental oversight, the company's Sustainability Committee focuses on areas including the financial and environmental viability, health, and resiliency of its coffee-growing and manufacturing supply chains; community outreach; and corporate and employee social responsibility and awareness. [17] In the late 1990s it broadened its national supermarket chain distribution, gas-station and convenience-store distribution throughout the northeast, and it sold its product in airlines and Amtrak, specialty coffee stores, and venues such as LL Bean, Weight Watchers International, and Staples.[17][19]. Keurig Dr Pepper is a beverage company in with a diverse portfolio of flavored soft drinks, including water, ready-to-drink tea and coffee, juice, juice drinks, mixers, and specialty coffee. [45] In November 2012, GMCR released its espresso, cappucino, and latte brewer, the Rivo, co-developed with the Italian coffee company Lavazza. Releases 2014 Sustainability Report, 'Beyond The Cup'", "Green Mountain Coffee Roasters Tops Business Ethics List of 100 Best Corporate Citizens", "Green Mountain Coffee Roasters Tops List of 100 Best Corporate Citizens, Again", "Corporate Responsibility Magazine Releases 11th Annual 100 Best Corporate Citizens List", Corporate Social Responsibility Report, Fiscal Year 2007, Keurig Green Mountain Sustainability Report Fiscal 2013, "Green Mountain Coffee Roasters: Top Corporate Citizen", "The 100 Best Corporate Citizens for 2006", "KEURIG GREEN MOUNTAIN, INC. 2014 Annual Report Form (10-K)", "Green Mountain Coffee Roasters Announces Appointment of Lawrence J. Blanford as President and CEO", "Green Mountain Coffee shakes up top board members over stock sales", "Green Mountain Names Coke's Brian Kelley as New CEO", "Green Mountain Coffee Roasters, Inc. Appoints Brian Kelley CEO Effective December 3, 2012", "Board of Directors Announced for Keurig Dr Pepper", "Bob Gamgort Named Keurig Dr Pepper Executive Chairman of the Board", https://en.wikipedia.org/w/index.php?title=Keurig_Dr_Pepper&oldid=991095469, Companies based in Burlington, Massachusetts, Companies formerly listed on the New York Stock Exchange, Food and drink companies based in Massachusetts, Food and drink companies established in 1981, Short description is different from Wikidata, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, Green Mountain Coffee Roasters (1981–2014), This page was last edited on 28 November 2020, at 06:33. [20][21], As American tastes in coffee changed, sales of Green Mountain roasted coffee beans grew. Discover new investment ideas by accessing unbiased, in-depth investment research, NasdaqGS - NasdaqGS Real Time Price. [85] It also established a vice president for corporate social responsibility who reports directly to the CEO. You will need to use your KDP Username (aka. To Basic Search. [19][22] In 1996 GMCR invested further in Keurig, buying a 35% interest in the company. ", "Coffee makers wrestle with recyclability of single-serve pods", "Keurig Green Mountain, Inc. After three decades of Polar Beverages manufacturing and distributing Keurig Dr Pepper … Apply to any positions you believe you are a fit for and contact us today! [54][55][56][57] The 2.0 brewer also has the capacity to brew full carafes in addition to single servings,[58][59] via the use of the new K-Carafe portion pack. [85] As of 2015, Keurig Green Mountain has a Chief Sustainability Officer. [6][7][8][9] Keurig Green Mountain became a privately held company for two years, and was an independent entity run by its pre-existing management team and a new CEO. [31], Green Mountain also acquired the four additional Keurig licensees, Tully's Coffee, Timothy's World Coffee, Diedrich Coffee, and Van Houtte, in 2009 and 2010. [12] The pre-existing management team, with Gamgort as its new CEO, continued to run Keurig Green Mountain as an independent entity, following its acquisition by JAB Holding Company. c/o Computershare, Inc. 250 Royall Street Canton, MA 02021 Toll Free: 1-877-745-9312 Direct: 781-575-4033 © 2020 Verizon Media. [24] The launch of the first K-Cups with Green Mountain Coffee helped GMCR begin to further compete with the ubiquitous presence of Starbucks, by allowing people to brew their own single servings of premium coffee. [23] The successive acquisition allowed Green Mountain to adopt a multi-brand portfolio, and multichannel distribution of brands in a variety of [16][23] In 1997, Green Mountain Coffee Roasters became the first roaster to offer coffee in a K-Cup pod for the Keurig Single-Cup Brewing System,[19] and in 1998 Keurig delivered its first brewing system, designed for office use. 259.8 MB. [37] GMCR Canada was founded in 2010, and officially became the Canadian Business Unit of Green Mountain Coffee Roasters, Inc. in 2011; it has been known as Keurig Canada Inc. since March 2014. 2019 Keurig Dr Pepper. [35] It purchased the California-based Diedrich Coffee in December 2009 for $290 million. Keurig Dr Pepper stock was an underperformer on Wednesday. [129], Keurig Green Mountain operates in two business segments: domestic and Canada. In 1993, three engineering entrepreneurs from a Massachusetts start-up called Keurig approached GMCR about developing a single-cup coffee brewing system, and Green Mountain first invested in the nascent company at that time. These include coffees that are certified organic, Fair Trade Certified, specialty blends, and flavored coffees and beverages. It is the revenue mix of the company. [60], In March 2015, it launched the K-Mug pod, a recyclable pod which brews large travel mug–sized portions. [39] The company announced that U.S. regulators had inquired into some of Green Mountain's accounting practices, including revenue recognition, and the large inventory with a single vendor, M. Block and Sons, Inc. [68][69] The kits come with a packet of noodles and a K-Cup pod of soup, and the varieties include Chicken Noodle and Southwest Style Chicken Noodle. [100][118][120] In addition, the company was from its beginnings known for its long-term relationships and fair dealings with coffee-growing suppliers, and for its large percentage of farmer-direct coffee purchases. [68][69], Also in September 2015, Keurig launched Keurig Kold, a brewer which created a variety of cold beverages including soft drinks, functional beverages, and sparkling waters. Keurig Dr Pepper (KDP) is a leading beverage company in North America, with annual revenue in excess of $11 billion and nearly 26,000 employees. [53] The digital lock-out sparked hacking attempts and antitrust lawsuits. From. In 1981 he and a partner bought a two-thirds stake in the small specialty coffee roasting company in Waitsfield, Vermont, that produced the roasted beans.

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