Vermont Governor Peter Shumlin says news that coffee machine maker Keurig is being sold to a private equity firm will make it easier for the company "to avoid the whims of Wall Street" and focus on long-term growth.
Keurig said Monday that it has agreed to be sold to JAB Holding Co. for almost $14 billion. Shumlin said he has spoken to CEO Brian Kelly, who has indicated the company will stay headquartered in Waterbury. There are no plans for any reduction in workforce.
Shumlin said whenever there is news like this about a major employer in Vermont, there's always apprehension. But after reaching out to Keurig and JAB, he said he feels confident this represents an opportunity for Keurig and Vermont.
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