GMCR breaks ground on $9M facility

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GMCR breaks ground on $9M facility

Wed, 09/01/2004 - 8:00pm -- tim

GROUNDS FOR GROWTH: GREEN MOUNTAIN COFFEE ROASTERS
OPENS NEW, $9 MILLION DISTRIBUTION CENTER
WATERBURY, VT (September 1, 2004) -- Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR) celebrated a significant milestone in its growth todaythe opening of a distribution center that will allow the Company to keep up with increasing consumer demand for a good cup of coffee. U.S. Senator Patrick Leahy, Vermont Governor Jim Douglas, and Company CEO Bob Stiller were on hand to cut the ribbon at the new site in Waterbury, Vermont.
The new, 52,000 square foot warehouse and distribution center will mean Green Mountain Coffee Roasters has the room to increase its roasting capacity from 17 million pounds of coffee a year to 50 million pounds annually. The multi-level building cost $9 million to build and features state-of-the-art automation that is anticipated to increase efficiency and lower overall distribution costs in the long run.
Green Mountain Coffee Roasters former facility handled roasting, packaging, warehousing, and distribution under one roof. It was designed to handle 15 million pounds of roasted coffee, a level that was surpassed last year. The new distribution center is connected to the existing facility by an enclosed bridge, so freshly packaged coffee can travel from one side to the other on conveyor belts. Once inside the new distribution center, coffee is picked, packed, scanned and sorted with a fully integrated, automatic handling system.
We are very excited about our new distribution center, and were especially pleased with the teamwork and collaboration that allowed this major expansion to be completed on schedule, said Robert P. Stiller, CEO of Green Mountain Coffee Roasters. This building is critical to the success of our long-term growth plans and our commitment to providing extraordinary coffee to a broad array of customers.
Green Mountain Coffee Roasters, Inc. is a leader in the specialty coffee industry, and has been recognized by Forbes Magazine for the past four years as one of the 200 Best Small Companies in America. The Company contributes at least five percent of its pre-tax profit annually to support socially responsible initiatives, many of which it has supported for over 10 years. In 2004 Business Ethics magazine recognized these efforts by ranking Green Mountain Coffee Roasters 5th overall on its list of 100 Best Corporate Citizens, and the Society of Human Resource Management rated the Company as one of the Best Medium Companies To Work For in America.
Green Mountain Coffee Roasters roasts high-quality Arabica coffees and offers over 100 coffee selections including single-origin, estate, certified organic, Fair Trade, signature blends, and flavored coffees that it sells under the Green Mountain Coffee RoastersÒ and Newmans OwnÒ Organics brands. The majority of Green Mountain Coffees revenue is derived from its wholesale operation that serves supermarkets, convenience stores, offices, and other locations where fine coffees are sold. Green Mountain Coffee also operates a direct mail business and an e-commerce website (http://www.GreenMountainCoffee.com) from its Waterbury, Vermont headquarters.