WATERBURY, Vt. (AP) -- Vermont's Green Mountain Coffee Roasters has bought a California coffee company.
Green Mountain says the deal for Diedrich Coffee Inc., of Irvine, Calif., is worth about $300 million.
The company says Diedrich accepted its offer of $35 a share.
Green Mountain Coffee President Lawrence J. Blanford says the company believes the deal provides significant growth opportunities and advances the object of becoming a leader in the coffee and coffee maker businesses.
Diedrich is one of four roasters licensed to produce K-Cups for the top-selling single-serve Keurig brewing system.
The K-Cup brand is owned by Green Mountain, which is based in Waterbury.
