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Green Mountain Coffee to Open Manufacturing Plant in Virginia

Coffee Company Could Close Acquisition and Begin Site Work in December
October 31, 2011
Green Mountain Coffee Roasters, Inc. (GMCR) will open a new manufacturing and distribution facility in Isle of Wight County, VA.

The company has agreed to purchase a 330,000-square-foot building on 64 acres for $15 million, with plans to invest up to $180 million over the first five years of operation.

Pending completion of due diligence and finalization of incentive award agreements with the Commonwealth of Virginia and Isle of Wight County, Green Mountain expects to complete the purchase and begin site work in December.

The Isle of Wight production facility will house coffee roasting, grinding, flavoring and packaging for the company’s specialty coffee business unit. Within five years, the company estimates the new facility will have as many as 800 employees. GMCR has actively started to recruit for the new facility.

Green Mountain’s business continues to see steady growth, supported by the popularity of the Keurig Single-Cup Brewing System. Ensuring that the company can expand its portion pack production capacity is essential to the company’s success, said Scott McCreary, president of the specialty coffee business unit.

The Virginia Economic Development Partnership worked with Isle of Wight County to help Virginia win the project and the Hampton Roads Economic Development Alliance was instrumental in the site selection process.

Gov. Bob McDonnell approved a $4 million grant from the Governor’s Opportunity Fund to assist Isle of Wight County and GMCR may be eligible to receive state benefits from the Virginia Enterprise Zone Program.

Green Mountain Coffee operates production and distribution facilities in Castroville, CA; Knoxville, TN; Essex, Waterbury and Williston, VT; Sumner, WA; and Toronto and Montreal in Canada.

The company conducts research and development in Reading, Wakefield and Woburn, MA; and in Waterbury, VT. The company recently announced a substantial expansion to its Essex facility and expects to add a second new production and distribution facility in the U.S. in addition to the new Isle of Wight County site during its current fiscal year.
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