Green Mountain Coffee Roasters of Waterbury is buying the outstanding shares of a Massachusetts company that makes machines that brew single cups of coffee and other hot beverages.
Green Mountain Coffee already owns about 35 percent of the Wakefield, Massachusetts, company.
The Waterbury-based company will pay $104 million for Keurig.
The plan is to close the deal in mid June.
Keurig machines force hot water through grounds packaged in sealed cartridges.
Green Mountain Coffee President Robert Stiller says the acquisition of Keurig is part of his company’s strategy to grow its sales and earnings.
Green Mountain Coffee first invested in Keurig in 1996.