U.S. firm takes over another Canadian company with sale of Timothy's

Edited by John Stokes

Toronto-based Timothy's Coffees, a Canadian institution, has been solf-off to corporate America.

Vermont-based Green Mountain Coffee Roasters Inc. said it has bought Timothy's wholesale segment for $165 million from Sun Capital Partners Inc., a U.S. based private-investment firm.

The announcement immediately followed the sale of Timothy's 139 franchise retail locations, mainly in Ontario, to Bruegger's Enterprises Inc., operators of the United States' second largest bakery-café chain.

Terms of that part of the deal were not disclosed. Sun Capital also owns the majority of Bruegger's.

Submit your blog comment: LINK

Subscribe to RSS feeds

Become a Member:

Would you like to see other similar articles and critical commentaries in The Canadian National Newspaper? Then, show your support. Make a member-pledge donation, in support of the Membership Drive of the Pro-Democracy Media Foundation.

The Canadian can only continue to publish investigative articles in such areas, with the donations from members of the public in Canada, the U.S., and abroad. Consider making a donation of $50.00, $75.00, $100.00, $200.00 or more. Donors are eligible to receive our first collector's print edition in mail. Alternatively, you can send us a note to be placed on our special email list of members. Member-donors can also suggest articles or commentaries to be published in The Canadian.

The Canadian is a socially progressive and not-for-profit national newspaper, with an international readership. We provide an alternative to the for-profit commercial focused media, which often censors vital information and perspective of potential interest to the diverse Canadian public, and other peoples internationally.

Become a member of The Canadian, with your donation-pledge. Help support independent, progressive, and not-for-profit journalism.