Factbox: Green Mountain buys out its licensees

(BestGrowthStock) – Green Mountain Coffee Roasters Inc (GMCR.O: ) has bought out three of its four licensees in the past 18 months, and announced last month it was acquiring the last remaining licensee allowed to make its own coffee refills.

In total, Vermont-based Green Mountain has spent $1.38 billion on the deals, and has issued at least $1.35 billion in new debt to fund them.

Following are details and a TIMELINE of the deals:

March 2009 – Green Mountain buys the wholesale business of Tully’s to expand its presence on the U.S. West Coast, paying $40.3 million, or an estimated 1.3 times Tully’s full-year sales.

November 2009 – buys the wholesale business of Timothy’s Coffees from an affiliate of private equity firm Sun Capital Partners for $157 million in cash to enter the Canadian market. It paid an estimated 10.5 times Timothy’s full-year earnings before interest, tax, depreciation and amortization (EBITDA).

May 2010 – closes merger of Diedrich after winning a takeover battle with Peet’s and delays in obtaining anti-trust clearance. Green Mountain paid $290 million in cash — about 39 times Diedrich’s EBITDA.

September 2010 – announces deal to acquire last independent licensee; Canada’s Van Houtte, for $890 million in cash — about 9.7 times Van Houtte’s EBITDA.

(Reporting by Mihir Dalal in Bangalore, Editing by Ian Geoghegan)

Factbox: Green Mountain buys out its licensees