Reuters

(Reuters)

Dunkin' K-Cup Packs to be Sold Online, in Stores

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Dunkin' Brands Group Inc (DNKN) said its Dunkin' K-Cup packs would now be available online and across retail stores in North America through an expanded agreement with J.M. Smucker Co (SJM) and Keurig Green Mountain Inc (GMCR).

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Dunkin' K-Cup packs are currently available only in Dunkin' Donuts restaurants in the United States.

Keurig exclusively produces Dunkin' K-Cup, while Smucker currently makes and distributes Dunkin' Donuts brand bagged coffee.

Under the new agreement, Smucker will market K-Cup packs to grocery chains, mass merchandisers, club stores, drug stores, dollar stores and home improvement stores.

Keurig will market the Dunkin' K-Cup packs to specialty stores and office superstores.

Dunkin' Brands said the K-Cup packs will be sold online by various retailers starting spring.

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The companies did not disclose financial terms of the agreement, which is expected to take effect in the middle of this year.

Dunkin' Brands also said it had reached a profit sharing agreement under which certain franchisees would get an equal shares of profit from the sale of K-Cup packs and packaged coffee outside its restaurants.

(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Savio D'Souza)