Green Mountain Seen Buying Canada Rival

Green Mountain Coffee Roasters is expected to acquire smaller Canadian rival Van Houtte for about $1 billion, a report says.
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WATERBURY, Vermont (

TheStreet

) --

Green Mountain Coffee Roasters

(GMCR)

is expected to acquire smaller Canadian rival

Van Houtte

for about $1 billion, a report says.

Green Mountain won an auction for Van Houtte put on by U.S. private-equity firm Littlejohn & Co., which put the business up for sale earlier this year. The deal could be announced as early as Tuesday morning, a person familiar with matter told the

Wall Street Journal

.

Van Houtte sells coffee-brewing equipment such as the Keurig machines popular in offices.

-- Written by Joseph Woelfel

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Joseph Woelfel

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