On September 14, 2010, Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) (GMCR) announced that it has executed an agreement pursuant to which GMCR will acquire all the outstanding shares of LJVH Holdings, Inc. (Van Houtte) from an affiliate of Littlejohn & Co., LLC, a private equity firm headquartered in Greenwich, CT, for a cash purchase price of C$915 million, subject to adjustment. The transaction is subject to customary closing conditions, including certain regulatory approvals, and is expected to close by the end of calendar year 2010.
Headquartered in Waterbury, Vermont, Green Mountain Coffee Roasters, together with its subsidiaries, is engaged in the specialty coffee and coffee maker businesses.
Headquartered in Montreal, Quebec, Van Houtte's gourmet coffee and coffee-service business has been percolating in North America since 1919. Van Houtte sells its specialty and gourmet coffees to 2000 grocery stores in Canada.
Further information is found on GMCR's website.