Coca-Cola is to take a 16% stake in Keurig Green Mountain

Coca-Cola is to take a 16% stake in Keurig Green Mountain

Coca-Cola Co partner Keurig Green Mountain is to invest US$337m in a US manufacturing site for its upcoming Keurig Cold home carbonation platform.

The company, which is developing Keurig Cold with Coca-Cola, said last week the plant, in Douglasville, Georgia, will make Keurig Cold's flavour “pods”. The investment will span five years and create 550 jobs.

The site is the second facility for Keurig Cold, which is expected to launch next year, following the setting up of an “early production centre” in Vermont.  

In February, Coca-Cola announced its move into the home carbonation machine market with a US$1.25bn investment in Keurig Green Mountain - previously known as Green Mountain Coffee Roasters - in return for a 10% stake in the company. Coca-Cola is to increase the stake to 16% after announcing new investment last month.

"Keurig Cold is an exciting new multi-brand platform for our company, and ensuring beverage pod production capacity and efficiency are key to its success," said Brian Kelley, Keurig's president & CEO.