Tata Global Beverages enters a multi-year partnership with Green Mountain Coffee Roasters Inc to distribute and sell Eight O'Clock coffee, Tetley tea and Good Earth tea.
"Eight O'Clock Coffee company and GMCR plan to make a select offering of Eight O'Clock coffee K-Cup packs available through in-home and away-from-home channels in US and Canada in 2012," Tata Global Beverages and GMCR said in a joint statement.
The tea packs would hit the shelves only in 2013, they said. The financial agreement for the partnership was not disclosed.
"We look forward to working with GMCR to make the top-selling whole bean coffee brand into a successful single cup coffee," Tata Global Beverages US Senior Vice President (Sales and Marketing) David Allen said.
Tata Global Bev stock price
On November 24, 2015, Tata Global Beverage closed at Rs 134.20, up Rs 1.40, or 1.05 percent. The 52-week high of the share was Rs 167.70 and the 52-week low was Rs 108.85.
The company's trailing 12-month (TTM) EPS was at Rs 4.36 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 30.78. The latest book value of the company is Rs 39.32 per share. At current value, the price-to-book value of the company is 3.41.
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