Lipton teas to be available for Keurig brewers
WATERBURY, Vt. (AP) — Green Mountain and Unilever North America have reached a deal that will make Lipton teas available for Keurig single-cup brewers.
The Lipton hot and iced teas will be available in K-Cup and Vue packs in the U.S. and Canada starting this summer.
"Our strategy to partner with world-class beverage brands like Lipton further broadens the consumer choice in the Keurig system and helps us meet a wide range of consumer taste and beverage preferences," Green Mountain Coffee Roasters Inc. President and CEO Brian Kelley said in a statement.
Last month Green Mountain reported that its first-quarter net income rose as it sold more single-serve coffee packs and brewers.
Shares of Green Mountain, which is based in Waterbury, Vt., gained $1.78, or 3.6 percent, to $50.96 in Thursday afternoon trading. The stock has traded in a range of $17.11 to $66.98 over the past year.
Unilever N.V.'s U.S.-listed shares climbed 57 cents to $40.36.