MTY Food Group and Keurig Canada Announce Agreement Taking Van Houtte-Branded Café-Bistros into New Era

MTY Food Group, Inc. (MTY) (TSX: MTY), franchisor and operator of multipleconcepts of quick service restaurants, and Keurig Canada Inc., a subsidiary ofKeurig Green Mountain, Inc. (Keurig) (NASDAQ: GMCR), a leader in specialtycoffee, coffee makers, teas and other beverages with its innovative brewingtechnology, today announced the companies have reached an agreement regardingthe Van Houtte Café-Bistros franchise network. Under the terms of theagreement, Keurig Canada will maintain ownership of the Van Houtte brand,image, and wholesale business, while MTY will own and operate Van HoutteCafé-Bistros, taking them into a new era of great food and beverage service.MTY has acquired certain assets from Keurig used exclusively in connectionwith the Van Houtte-branded Café-Bistro franchise system, comprised of 50franchised and one Keurig-owned café-bistro in Quebec, which generated totalfranchise sales of over $25 million for franchisees in the 12-month periodended September 29,2014 most recent completed fiscal year. As part of theagreement, MTY will offer only Van Houtte® branded coffee, and other KeurigBrewed® products, roasted and packaged by Keurig for sale in VanHoutte-branded Café-Bistros. In turn, Keurig Canada has licensed use of theVan Houtte® brand to MTY in perpetuity. Financial terms of the transaction,which closed November 7^th, were not disclosed.“MTY is very proud to become the trusted business partner of Keurig to own andoperate such an iconic franchise network,” said Stanley Ma, CEO of MTY. “Theaddition of the Van Houtte-branded Café-Bistros will further increase thepresence of MTY in the quick service restaurants market, and we are confidentthe partnership with Keurig will benefit MTY, Keurig and the franchisees ofthe network.”“Through this relationship with MTY, Keurig will have the opportunity tocontinue to focus on roasting, packaging and distributing the quality VanHoutte coffees our consumers love and expect both in their neighborhood VanHoutte-branded Café-Bistros as well as in local stores and offices,” saidStéphane Glorieux, president of Keurig Canada. “We know that MTY's expertisein operating quick service restaurants will ensure the high-qualityexpectations associated with the Van Houtte brand and will be well representedat the Van Houtte-branded Café-Bistros going forward.”