The phased relocation from the company’s three existing Massachusetts facilities in Reading, Wakefield, and Woburn is anticipated to take place over the next several years. Green Mountain, which has its headquarters in Vermont, currently has 519 employees in Massachusetts, the company said in a press release.
In a statement, Keurig president Michelle Stacy said of the move, “This new campus will enable us to consolidate our resources in a single location, allowing for even greater collaboration among our functional teams while, at the same time, giving us the ability to greatly enlarge and improve space dedicated to research and development.”
Keurig is Green Mountain’s single-serve coffee business.
Single-serve coffee, which allows consumers to brew coffee one cup at a time, has seen big growth in recent years, and Green Mountain and Keurig have been a beneficiary of that growth. But inroads by rivals expanding into the single-serve coffee business have given Wall Street anlaysts pause.