An improved desorber design for use in couloximetry

first_imgA new desorber design for use in the couloximetric determination of oxygen in water samples is described. In comparison with previous systems it significantly improves the efficiency of transfer of oxygen from sample to carrier gas and reduces the ingress of atmospheric oxygen through leaks. Lower and more stable baselines are now attainable, with levels of <0.5 μV being commonly produced. The enhanced stability of the baseline has decreased the lower limit of oxygen detection to around 0.13 pg of oxygen. The minimum sample size for analysis with a 1% error due to baseline fluctuation has also been reduced to around 1 μl for saturated seawater at 0°C.last_img

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Harrison Grad Tim Glyshaw Makes Big Time With Pair Running In Breeders’ Cup

first_imgTim Glyshaw Makes Gig Time With Pair Running In Breeders’ Cup FacebookTwitterCopy LinkEmailShare DEL MAR, Calif. (Wednesday, Nov. 1, 2017) — Louisville-based trainer Tim Glyshaw knows his horses are up against it when he saddles his first starters in the Breeders’ Cup Saturday: Bucchero in the $1 million Turf Sprint and Bullards Alley in the $4 million Turf at Del Mar.With 20 years in horse racing, Glyshaw knows his chosen sport is a numbers game: the largest stables with the biggest bankrolls fill most of the starting gate for races such as the Triple Crown and Breeders’ Cup.But Glyshaw also knows that the foundation of the sport is eternal optimism, bolstered by the legendary exploits of bargain-basement horses such as Seattle Slew, John Henry and Stymie. And Bucchero and Bullards Alley already have bucked their odds.Bucchero, a standout when competing against his fellow horses that were born in Indiana, gave Glyshaw the biggest victory of his career in capturing Keeneland’s Grade 2 Woodford Stakes at odds of 26-1 on Oct. 7. Eight days later, Bullards Alley, coming out of a sixth-place finish in Kentucky Downs’ Grade 3 Calumet Farm Kentucky Turf Cup, gave Glyshaw a new biggest victory by dominating Woodbine’s Grade 1 Pattison Canadian International at 42-1 — his 10 3/4-length margin a record for the race in which Secretariat made his career finale in 1973.“It was just an amazing experience,” Glyshaw said. “We thought they’d both run well. We never expected Bucchero to win fairly easy, like he did by a length and three-quarters under wraps. And what Bullard did up there, he’s never done in his life. Hopefully that’s not a one-time deal. But if it is, he sure chose the perfect race.”Glyshaw again will be up against stables that can choose from 100, 200 or even 300 horses. Owner Harlan Malter paid $43,000 for Bucchero for his Ironhorse Racing Stable partnership, while Wayne Spalding got Bullards Alley for $11,000 at Eugene Melnyk’s dispersal sale, selling part-interest into his long-time friend Faron McCubbins, both from Mt. Washington, Ky., just outside of Louisville.“They’re definitely workman-like horses that not a lot of money was paid for them,” Glyshaw said. “These are not horses that people paid $300,000, $400,000 to get. Those are the horses that usually win those races at Keeneland.“It gives people who pay smaller prices for horses hope. The only thing you’ve got to watch out for is that people don’t start to expect that when you buy a horse for $11,000 or $43,000 that they’ll wind up being a Breeders’ Cup horse. But that’s always a possibility. We’ve shown that with these two horses.”Glyshaw grew up in Evansville, graduating from Harrison High and Indiana University. He became enamored with horse racing watching the dramatic Triple Crown and Breeders’ Cup showdowns between Sunday Silence and Easy Goer, with Glyshaw becoming a regular at Ellis Park while home from colleges in the summer.After teaching 2 1/2 years, Glyshaw gave in to the lure of the track. After serving as an assistant to well-known trainers Cole Norman and Bob Holthus, he opened his own stable in 2004 with four cheap horses that he and wife Natalie claimed for themselves.Glyshaw carries about 25 or 27 horses, with divisions based at Churchill Downs and Indiana Grand, while wintering at the Fair Grounds in New Orleans. His horses have earned purses that surpassed $1 million each of the past six years. But in this era where the so-called “mega-stables” dominate, Glyshaw is considered a medium-sized stable, one of the blue-collar guys filling race cards across America while the big boys grab most of the spotlight.“I didn’t grow up around horses,” Glyshaw said. “I didn’t have a network of daddy and grandpa working in this industry and I got 30 horses given to me when I decided I wanted to start training. That’s a lot of what goes on over here. I’m not badmouthing those people; a lot of those guys are very good trainers. But I didn’t come up like that. So it’s very, very pleasing to know we’ve gotten to this level with these horses.”At Del Mar, Glyshaw serves as groom for both horses, with assistance from Doug Morley, Bucchero’s exercise rider the past two seasons who also is getting on Bullards Alley with the gelding’s regular exercise rider, Jose Quevedo, needed at Churchill Downs.Bullards Alley and Bucchero victories Saturday would be upsets, but they’re clearly getting some respect, given that the field sizes and quality of horses drive up odds in all Breeders’ Cup races. Bucchero is 12-1 in the Turf Sprint, the same odds as Grade 3 Kentucky Downs Turf Sprint winner and Woodford runner-up Hogy, with Lady Aurelia the 5-2 favorite. Bullards Alley is 15-1 in the Turf, with British-based Ulysses 7-2, Arlington Million winner Beach Patrol 4-1 and 2016 winner Highland Reel 5-1.“Bullard doesn’t know who he’s running against,” Glyshaw said. “He goes out and tries every time, and so does Bucchero.”“It was a hard decision, but it might never happen again for us,” Spalding said of running in the Breeders’ Cup. “It’s a once in a life-time thing, so we had to do it.”Malter, after flying several times a year to Indiana to watch Bucchero run, now gets to watch his stable star compete a short drive from the owner’s Orange County home.“I’ve always had a ton of confidence, and the whole team has had a ton of confidence, in Bucchero and we felt like he could show it,” he said of the Keeneland victory. “I was just super happy for the horse and all the guys involved with the horse.“We also breed. And we know just to get a horse to a 2-year-old sale, you’re probably into a horse for $40,000, $45,000.”Malter had come to know Ocala, Fla., horsemen Karen and Greg Dodd, who bred Buccharo and suggested their friend should buy him. The Dodds had Buccharo’s mom before and sold the broodmare at auction. Much later, the mare was one of about 30 found starving in a field. The animal welfare group that rescued the mares contacted Karen, who before even knowing the details — which included that the mare might not survive — said, “I’ll take her. Where do I come get her?”Nurtured back to health by Karen, Meetmeontime ultimately foaled Bucchero, who was offered at a 2-year-old sale in Ocala three years ago.“Greg said, ‘Look, I’ve had this horse his whole life, he’s trained fantastic. He came up with just a little spot (physical blemish) that the vets picked up at the 2-year-old sale.’ I think that’s the way the game is now, when that happens, the horse falls off the radar. Greg’s word to me was all I needed. Obviously he’s exceeded anything we’ve expected.“I look at Bucchero sometimes and think he got his mom’s grit.”Bucchero is a son of the Steve Asmussen-trained Kantharos, whose 3-for-3 record included Churchill Downs’ Bashford Manor and the Saratoga Special. Now at Lexington’s Hill ’n’ Dale Farms, Kantharos was standing in Florida when Bucchero was conceived, with Meetmeontime sent to foal in Indiana to take advantage of its state-bred program.Because the Dodds liked Bucchero so much as a youngster, Malter sought out a good name. He says he’d never heard of Kantharos, but Googled the word and learned it is a type of ancient Greek pottery.“I found out that a bucchero is a vase of that lineage of pottery,” he said.Malter liked Bucchero so much that he purchased his half-sister and yearling full sister.“Our motto is ‘Horse partnerships for the other 99 percent. No sheikhs or billionaires apply,’” he said. “The game has so stratified between extremely expensive horses with a limited amount of trainers and then everybody else. Look, not saying the people involved in our horses don’t make a nice living. But we’re not in position to buy $250,000 yearlings. By putting some people together and doing the right thing with the money, hopefully we can get some horses that are competitive.“To me, there are a lot of good horse people out there. I’ll give all the credit to Karen and Greg Dodd. I think a lot of things knock out horses from being more expensive nowadays — a little issue here on an X-ray or a little bit there and maybe they get thrown by the wayside and not put through the same regimen of trying to be a top-level (sales) horse. I do feel like the way we’ve campaigned Bucchero — he had an injury after his 2-year-old year, and we gave him the time he needed — you can maybe develop these horses.”last_img read more

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Greencore announces value growth for sandwiches

first_imgGreencore has grown its sandwich sales ahead of the market as its Convenience Foods division achieved ‘constant currency’ sales growth of 4.3% in the half year to 25 March 2011.Its Food to Go business, which comprises the manufacture of fresh sandwiches, salads and sushi, saw sandwich sales value increase by 8.4% compared to the overall market growth figure of 2.6% (based on Kantar Worldpanel data for the 23 weeks ended 23 March 2011).Sandwiches volumes rose 5.6%. The firm said its value sales grew in excess of volume, due to “commodity price inflation impacting the sales price, the cost impact of a move to cardboard and a modest ‘trading up’ by consumers”.CEO Patrick Coveney, said the sandwich growth had been achieved through doing more business with existing customers, extending its channel footprint, and adding new retail customers.“Interestingly, we’re not seeing any down-trading in sandwiches,” he added.Its Cakes and Desserts business experienced a challenging first half of the year, due to “excess industry capacity”, rising raw materials costs and increasing levels of promotional activity. Greencore added that sales were consistent with the same period last year.Ministry of Cake, its Foodservice Desserts and the smallest category within Convenience Foods, had a “solid” performance in the first half of the year, experiencing a modest sales decline. However the firm said its performance was in the context of a challenging market, significantly impacted by the very cold winter.The firm saw total group sales of €442m (£384m), representing a 7.9% increase in year-on-year reported sales and a 4.4% increase on a constant currency basis. >>Greencore concedes defeat over Northern Foods merger>>Greencore food to go sales uplast_img read more

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Goshen Cruising Reunion has been cancelled

first_img Twitter WhatsApp By Carl Stutsman – June 22, 2020 0 392 Twitter Goshen Cruising Reunion has been cancelled Google+ Pinterest WhatsApp Facebook (“Studebaker” by JOHN LLOYD, CC BY 2.0) Traditionally Goshen gets together for their Cruising Reunion as part of the July First Friday celebration. During the event cars line a route through downtown as a way to remember the days of cruising Main St. during the 60’s, 70’s, and 80’s. Unfortunately due to COVID-19 restrictions and liability issues they have had to cancel this year. Learn more with the video below: Pinterest Facebook CoronavirusIndianaLocalNews Google+ Previous articleIndiana nurse hospitalized for nearly 50 days with COVID-19Next articleGasbuddy: gasoline prices holding steady for now Carl Stutsmanlast_img read more

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Press release: Birmingham road-rage attacker has sentence increased after Solicitor General’s referral

first_imgA man who drove over another man in an act of road-rage will spend longer in prison after the Solicitor General, Robert Buckland QC MP, referred his original sentence to the Court of Appeal as unduly lenient.In July 2017, Shahid Ali, 43, shouted and swore at his victim before deliberately driving over him at a slow speed. Ali blamed his victim for holding up traffic along Brighton Road in Balsall Heath. He then drove away and attempted to conceal his involvement by cleaning his car using abrasive materials and hiding his phone.Patrick Colbert, who was in Birmingham celebrating his 35th birthday, was left with severe brain injuries, fractures to his skull, ribs, and sternum, and collapsed lungs. He will likely suffer long-term complications from these injuries, and requires professional care.Ali was originally sentenced at Birmingham Crown Court in April, where he was sentenced to 12 years’ imprisonment. Today, after the Solicitor General’s referral, the Court of Appeal increased his sentence to 15 years.Commenting on the sentence increase, the Solicitor General said: Ali made a deliberate choice to carry out an horrific act, and further to this attempted to conceal his actions. I am pleased that the Court of Appeal has agreed to increase Ali’s sentence, and hope that this brings his victim some comfort.last_img read more

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M&S backs bread as part of healthy diet after loaf sales rocket

first_imgHigh street retail giant Marks & Spencer (M&S) has seen sales of its ‘healthy breads’ up 37% on last year, noting that people were seeing the benefits of eating the carbohydrate.The retailer said sales of its Champion Seeds and Grains Loaf had gone up a whopping 125% and Super Seeded Loaf up 24% compared to last year.In light of this the upmarket grocer has launched a new range of healthy loaves, formulated around seeds, wholemeal and wholegrain.M&S nutritionist Helen Stevenson said: “For years, bread has fallen foul of low-carb diets, but now people are learning they don’t need to steer clear of the bread aisles. Customers are realising bread can help rather than hinder their diet plan!“Many breads are packed with vitamins and minerals, especially if you opt for wholegrain varieties with added seeds. Wholegrain and wholemeal breads are also full of fibre, a nutrient that we are short of in our diets. Adults should aim to eat 18g of fibre per day, but most adults in the UK only consume around 12g.”The new range includes a sunflower and pumpkin seed loaf and a pack of sunflower and chia rolls. This comes after figures from Kantar Worldpanel found wrapped bread sales were down 5.7% this January compared to last year.last_img read more

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Loss of taste and smell is best indicator of COVID-19, study shows

first_img What can we learn from people with coronavirus who seek care at outpatient clinics? Vaccines can protect against COVID-19 in nonhuman primates, study says The Daily Gazette Sign up for daily emails to get the latest Harvard news. This is part of our Coronavirus Update series in which Harvard specialists in epidemiology, infectious disease, economics, politics, and other disciplines offer insights into what the latest developments in the COVID-19 outbreak may bring.Though fever, cough, and shortness of breath are the symptoms most commonly associated with COVID-19 infection, a recent study in which 2.6 million people used a smartphone app to log their symptoms daily showed that the most oddball pair of indicators — loss of smell and taste — was also the best predictor, and one that scientists said should be included in screening guidelines.Researchers, led by scientists at Massachusetts General Hospital (MGH) and King’s College London, began the study as a way to fill the numerous gaps in knowledge about COVID-19, several of which are the result of the lack of broad-based clinical testing. Using crowdsourcing, they were able to rapidly gather data on the disease’s spread through a large swath of the population.“It’s clear we understand very little about COVID, and we need to try to fill in a lot of gaps with respect to understanding the disease: who is susceptible to getting infected, the symptoms people develop related to COVID, and ultimately where around the country people were getting sick,” said Andrew Chan, chief of clinical and translational epidemiology at MGH and a professor at Harvard Medical School and the Harvard T.H. Chan School of Public Health.The scientists adapted a smartphone app that had been created by corporate partner ZOE, a health science company, for research on how to personalize diet to address chronic disease. The new program, a free download from the Apple or Google app stores, collects demographic and health background information and then asks how the participant is feeling. If they’re feeling well, that’s the end of the daily entry. If they’re not it asks further questions about symptoms.The app went viral after its late March release. Some 2.6 million participants in the U.K. and U.S. were involved in the recent study but numbers have continued to climb, touching 3.7 million before the end of May. Data from the smartphone app can identify the onset of symptoms in an area about five days before requests for COVID tests spike. Second study suggests initial infection with SARS-CoV-2 protects against re-infection following repeat exposure to virus How We Feel app uses big data analysis to help fill information gaps created by a testing shortage Testing for the virus has increased dramatically as the pandemic has worn on, but experts say the current rate in the U.S. — at least 1.1 million in the week of May 10, according to the U.S. Centers for Disease Control and Prevention — represents a fraction of what is needed.The app is among several strategies being employed worldwide to illuminate the overall COVID picture. The recent rush to develop and distribute antibody or serologic tests, which can tell whether someone has had COVID-19 in the past, is one, as is the examination of sewage for COVID-19 DNA, which can be traced to particular neighborhoods undergoing an outbreak. Understanding the disease’s path through a population is essential to design effective responses and — in the absence of a vaccine — to gauge progress toward so-called “herd immunity,” where enough people have been infected that it interferes with the virus’ spread. Intel from an outpatient COVID-19 clinic Tracking the coronavirus through crowdsourcing Chan said his collaborators in London have worked with the public health service there and shown that data from the smartphone app can identify the onset of symptoms in an area about five days before requests for COVID tests spike.“It gives people really critical planning time they otherwise wouldn’t have had,” Chan said.In the work, published recently in the journal Nature Medicine, researchers used data from about 18,000 participants who had been tested for SARS-CoV-2 to understand which symptoms were most common in those who had tested positive. They found that loss of taste and smell were reported by most of those tested, about 65 percent, and that the most predictive group of symptoms was loss of smell and taste, fatigue, persistent cough, and loss of appetite.They then applied their model to more than 800,000 study participants who had not been tested and determined that about 140,000 of them were likely infected with the virus, just over 5 percent of the entire 2.6 million study population. Researchers said the study is limited by the fact that the app volunteers are self-selected and likely don’t represent the general population. They also said the results don’t indicate when loss of smell and taste occur in the illness’ course, though that may become apparent as more results are collected over time.Chan said the crowdsourced data includes numerous mild cases — thought to be about a quarter of those infected overall — and one of the ways the app may do the most good is by increasing understanding of them.“They are a group most at risk of spreading it because they don’t know they have it,” Chan said.Another such group would be those who are completely asymptomatic, and the app data wouldn’t capture them since the information is self-reported. Those numbers would only be discovered through actual testing.Future work is focusing on other unanswered questions, such as the impact of COVID on cancer patients and the effect of past infections on developing immunity. Discussions are also ongoing as to how the app can help governments direct limited resources, such as a county deploying testing or contact tracing to places where need is highest. It can also be used by managers of smaller groups — students at a particular college or workers at a large factory — to guide decisions about how best to guard students’ and workers’ health as society reopens more fully.“I think we’re all very nervous about that [reopening], and this will be an opportunity to see if this kind of crowdsourcing information can help,” Chan said. “Ultimately it can be a tool people use at the level of public health to predict whether we can loosen restrictions. The more planning we can do the better.” Relatedlast_img read more

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First Look at Downton Abbey Baddie Nigel Harman as Simon Cowell in London’s X Factor Musical

first_imgIf you haven’t seen the January 12 episode of Downton Abbey yet, stop reading now. Fans of the PBS drama got a shock when (spoiler alert!) a visiting butler brutally raped beloved ladies’ maid Anna Bates (Joanne Froggatt), who hid the crime from her protective husband. The assailant was played by Olivier Award winner Nigel Harman (Shrek, Guys and Dolls) who is headed to the London Palladium on February 27 as Simon Cowell in I Can’t Sing! The X Factor Musical. We’ve got the first photo of Harman as the infamous reality show judge, flanked by Victoria Elliot as pop queen Jordy and Alex Knight as Irish boy band manager Louis. As Cowell cheekily said when Harman’s casting was announced, “The hardest thing was: how do you find someone who’s good-looking, talented and can look like me? And then we found Nigel!”Directed by Sean Foley I Can’t Sing! is scheduled to open on March 26. View Commentslast_img read more

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New TV Show.

first_imgYou watch an hour-long gardening show about growing lilacs, taking tedious notes all the way, so you can have the fragrant, flowering shrub in your yard. You plant them. They die. You plant them again, carefully following your notes this time. They die. Finally, you call your local University of Georgia Extension Service agent or gardening center and find out you can’t grow lilacs in Georgia. That will never happen to viewers of The Georgia Gardener. This new TV series is designed with Georgia gardeners in mind. The UGA College of Agricultural and Environmental Sciences is producing it, in cooperation with Georgia Public Television and Peachtree Film Company. A pilot of The Georgia Gardener will air on GPTV Nov. 18 at 7 p.m. A second show will air Dec. 10 at 7 p.m. “Conditions in Georgia are different from Connecticut or Michigan or Florida or California,” said the show’s host, Walter Reeves. “A TV show like this addresses the immediate gardening needs of Georgians.” Reeves is a familiar voice to many Atlantans. He’s the host of WSB 750 AM’s top-rated Lawn & Garden Show, which airs every Saturday morning from 7 to 10 a.m. He’s a frequent featured speaker on gardening and a best-selling author and has appeared on Discovery Channel’s Lynette Jennings Show. “This show will also be different from other gardening shows,” Reeves said, “because it will be friendly, open, enthusiastic, yet down-to-earth.” The show, in part, will be geared toward the minimalist gardener. “We’ll have lazy-gardener tips, as well as new techniques that even gardening veterans will appreciate,” Reeves said. “We’ll have conversations with gardening gurus, for those who want to know what the best minds in gardening are doing right now.” The home garden for The Georgia Gardener is being built on the college’s Griffin campus. But the show won’t stop there. “We will use the whole state as our garden,” Reeves said. “We will go to Vidalia to see onions planted and harvested, and we’ll tell gardeners how to plant their own onions. We’ll go to Ft. Valley’s Massee Lane Gardens, the headquarters of the National Camellia Society, to see camellias in all their glory, and we’ll tell home gardeners how to achieve it in their own backyards.” Each show will take a road trip to see what’s going on in Georgia gardening. Reeves, a UGA horticulture educator, will draw on his heritage as a seventh-generation gardener and his 25 years with the UGA Extension Service. He’ll also tap the wealth of knowledge of the university. Researchers and extension specialists have the technical know-how and latest developments to make your garden a show place. The show will offer publications and a World Wide Web site that will give more in-depth information about most segments of the show. GPTV, an Atlanta-based, nine-station public television network, is dedicated to creating and distributing quality programs that celebrate Georgia’s culture and history. For nearly 40 years, GPTV has been Georgia’s storyteller, producing award-winning local and national programming. It is on the cutting edge of TV technology as the producer of Jessye Norman: A Holiday Homecoming, the first-ever High Definition Television performance special to air nationally on PBS. More than 4 million people watch GPTV each week.last_img read more

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Green Mountain Coffee Roasters to acquire Van Houtte for $900 million

first_imgGreen Mountain Coffee Roasters, Inc (NASDAQ: GMCR) announced today that it has executed a Share Purchase Agreement pursuant to which GMCR will acquire all the outstanding shares of LJVH Holdings, Inc. (’Van Houtte’), from an affiliate of Littlejohn & Co, LLC, a private equity firm headquartered in Greenwich, CT, for a cash purchase price of CAD$915 million or USD$890 million based on the exchange rate as of September 13, 2010, subject to adjustment. The transaction is subject to customary closing conditions, including certain regulatory approvals, and is expected to close by the end of calendar year 2010.‘We have had a strong and mutually beneficial relationship with Van Houtte since 2001 when they first became a Keurig licensee and we’re confident that the company and its well known Canadian brands including Van Houtte®, Brûlerie St. Denis®, Les Cafés Orient Express Coffee® and Brûlerie Mont Royal® are great additions to GMCR and our family of specialty coffee brands,’ said Lawrence J. Blanford, president and Chief Executive Officer of GMCR. ‘We believe that Van Houtte, in combination with our Green Mountain Coffee, Tully’s, Timothy’s and Diedrich’s brands, will contribute to our future success in Canada and throughout North America.’Headquartered in Montreal, Quebec, Van Houtte is a leading gourmet coffee brand in Canada in the home and office channels. Van Houtte roasts and markets gourmet coffee for home and office consumption and distributes it through its direct-to-store delivery and coffee services networks in Canada and the U.S. Van Houtte’s last twelve month’s net sales were CAD $445 million as of August 21, 2010, or approximately USD $433 million based on the exchange rate as of September 13, 2010. Van Houtte produces specialty coffee, tea and other beverages in a variety of packaged forms including K-Cup® portion packs for the Keurig® Single-Cup Brewing System sold under the Van Houtte®, Bigelow® and Wolfgang Puck® K-Cup brands. Van Houtte employs approximately 1,700 people in Canada and the U.S.‘This acquisition will enhance GMCR’s Canadian presence and is expected to strengthen our North American geographic expansion with a well-known Canadian brand platform that includes roasting, manufacturing and distribution capabilities,’ Blanford continued. ‘We have great admiration for Van Houtte’s leadership team and are pleased that its current president and CEO, Gerard Geoffrion has agreed to continue to lead the Van Houtte business in Canada following the close of the acquisition.’‘As a result of our long-term relationship as a Keurig licensee, we know there is a strong cultural and strategic fit between GMCR and Van Houtte,’ said Gerard Geoffrion, Van Houtte president and CEO. ‘We believe the combination of our brands, employees and our respective geographic strengths makes for a stronger overall company and will enable us to continue to grow our presence in Canada.’GMCR intends to finance the acquisition through a combination of cash on hand and USD $1.35 billion of new debt financing comprised of (i) a USD $750 million 5-year senior secured revolving credit facility, (ii) a USD $250 million 5-year senior secured term loan A facility, and (iii) a USD $350 million 6-year senior secured term loan B facility. These facilities will be utilized to finance this acquisition and transaction expenses, as well as to refinance GMCR’s existing outstanding indebtedness and support our ongoing growth. The Company has secured a financing commitment for the transaction from BofA Merrill Lynch and SunTrust Robinson Humphrey, Inc.GMCR anticipates that the acquisition will be neutral to slightly dilutive to its earnings per share in the first twelve months after closing and accretive thereafter.Subsequent to the closing of the transaction, GMCR anticipates conducting a strategic review of Van Houtte’s U.S. Coffee Services business (“Filterfresh”) in contemplation of a potential divestiture of Filterfresh given GMCR’s current sales and marketing structure and its existing network of independent Keurig authorized distributors throughout the U.S. The proceeds from any divestiture would be used to reduce GMCR’s outstanding indebtedness.BofA Merrill Lynch and CIBC are serving as financial advisors and Ropes & Gray LLP and Goodmans LLP as legal advisors to GMCR for this acquisition. UBS Securities and Moelis & Company are serving as financial advisors and Stikeman Elliott LLP, Morrison Cohen LLP and Gibsun, Dunn & Crutcher LLP as legal advisors to Littlejohn.Investment Community Teleconference and WebcastGMCR executives will be discussing this transaction and responding to questions from the investment community on a live conference call and webcast to be held on Tuesday, September 14, 2010 at 8:30 AM (Eastern). To access the call, please dial (719) 325-2100 using access code 5347154. To ensure your participation in the teleconference please dial-in to the conference center at least five minutes before the scheduled start time as a limited number of dial-in lines will be made available. The teleconference also will be webcast live from the Events & Presentations portion of the Investor Relations section of the Company’s website at http://investor.gmcr.com/events.cfm(link is external).An audio replay of this conference call will be available starting at approximately 12:00 PM (Eastern) on Tuesday, September 14, 2010 and for a period of time thereafter. To access the audio replay, please dial (719) 457-0820 using access code 5347154. A webcast replay also will be available via the Events & Presentations portion of the Investor Relations section of the Company’s website at http://investor.gmcr.com/events.cfm(link is external).About Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR)As a leader in the specialty coffee industry, Green Mountain Coffee Roasters, Inc. is recognized for its award-winning coffees, innovative brewing technology, and socially responsible business practices. GMCR’s operations are managed through two business units. The Specialty Coffee business unit produces coffee, tea and hot cocoa from its family of brands, including Tully’s Coffee®, Green Mountain Coffee®, Newman’s Own® Organics coffee, Timothy’s World Coffee® and Diedrich®, Coffee People® and Gloria Jeans®, a trademark licensed to the Company for use in North America and owned by Gloria Jeans Coffees International Pty. Ltd. The Keurig business unit is a pioneer and leading manufacturer of gourmet single-cup brewing systems. K-Cup® portion packs for Keurig® Single-Cup Brewers are produced by a variety of roasters, including Green Mountain Coffee, Tully’s, Timothy’s and Diedrich. GMCR supports local and global communities by offsetting 100% of its direct greenhouse gas emissions, investing in Fair Trade Certifiedâ ¢ coffee, and donating at least five percent of its pre-tax profits to social and environmental projects. Visit www.gmcr.com(link is external) for more information.GMCR routinely posts information that may be of importance to investors in the Investor Relations section of its web site, including news releases and its complete financial statements, as filed with the SEC. GMCR encourages investors to consult this section of its web site regularly for important information and news. Additionally, by subscribing to GMCR’s automatic email news release delivery, individuals can receive news directly from GMCR as it is released.GMCR-CGMCR Forward-Looking StatementsCertain statements contained herein are not based on historical fact and are ‘forward-looking statements’ within the meaning of the applicable securities laws and regulations. Generally, these statements can be identified by the use of words such as ‘anticipate,’ ‘believe,’ ‘could,’ ‘estimate,’ ‘expect,’ ‘feel,’ ‘forecast,’ ‘intend,’ ‘may,’ ‘plan,’ ‘potential,’ ‘project,’ ‘should,’ ‘would,’ and similar expressions intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Owing to the uncertainties inherent in forward-looking statements, actual results could differ materially from those stated here. Factors that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to, the impact on sales and profitability of consumer sentiment in this difficult economic environment, the Company’s success in efficiently expanding operations and capacity to meet growth, the Company’s success in efficiently and effectively integrating Tully’s, Timothy’s, Diedrich’s and Van Houtte’s wholesale operations and capacity into its Specialty Coffee business unit, the Company’s success in introducing and producing new product offerings, the ability of lenders to honor their commitments under the Company’s credit facility, competition and other business conditions in the coffee industry and food industry in general, fluctuations in availability and cost of high-quality green coffee, any other increases in costs including fuel, Keurig’s ability to continue to grow and build profits with its roaster partners in the At Home and Away from Home businesses, the Company experiencing product liability, product recall and higher than anticipated rates of warranty expense or sales returns associated with a product quality or safety issue, the impact of the loss of major customers for the Company or reduction in the volume of purchases by major customers, delays in the timing of adding new locations with existing customers, the Company’s level of success in continuing to attract new customers, sales mix variances, weather and special or unusual events, as well as other risks described more fully in the Company’s filings with the SEC. Forward-looking statements reflect management’s analysis as of the date of this press release. The Company does not undertake to revise these statements to reflect subsequent developments, other than in its regular, quarterly earnings releases.Source: WATERBURY, Vt.–(BUSINESS WIRE)–Green Mountain Coffee Roasters, Inc. 9.14.2010last_img read more

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