Green Mountain Coffee Roasters officials say they’ve agreed to buy a Seattle coffee brand for $40 million.
The Waterbury, Vermont, coffee maker has agreed to buy the Tully’s coffee brand and wholesale business from Tully’s Coffee Corp., which will remain an independent company, its retail outlets operated under license agreements with Green Mountain Coffee.
Tully’s sells specialty coffee via food service distributors and more than 5,000 supermarkets located primarily in the West.
Green Mountain CEO Lawrence Blanford said that the Tully’s brand will give Green Mountain complementary West Coast brand and infrastructure.