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Keurig expands deal with Coca-Cola to sell iced tea pods
September 3, 2014 / 1:55 PM / 3 years ago

Keurig expands deal with Coca-Cola to sell iced tea pods

A logo of Coca-Cola is seen through a fence outside a plant of the company on the outskirts of Moscow, August 6, 2014. REUTERS/Maxim Shemetov

(Reuters) - Keurig Green Mountain Inc GMCR.O expanded its deal with Coca-Cola Co (KO.N) to sell the beverage company’s Honest Tea pods in its Keurig hot brewing machines in North America.

It will be the first Coca-Cola product to be made available in Keurig’s hot brewing system, and follows the purchase by Coca-Cola of a stake in the company in February.

Keurig shares were up 1 percent in early trading.

Two flavors of Honest Tea, Just Green and Just Black’s organic iced tea, will be available in K-cups from Thursday on Keurig’s website, the companies said in a statement.

Coca-Cola took a 10 percent stake in the company, which it said in May it would raise to 16 percent.

The two companies also planned to develop a cold beverage machine for use at home to make both carbonated and non-carbonated drinks.

The iced tea pods will be brewed hot before the user pours them over ice.

Reporting by Sruthi Ramakrishnan in Bangalore; Editing by Joyjeet Das

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