coffees of the world inc. type private industry restaurant founded 1975 headquarters toronto ontario key people timothy snelgrove founder products coffee doughnuts bagels muffins parent groupe le duff website timothyscafes.com timothy s world coffee a.k.a. timothy s is a large canadian chain of coffeeshops . contents 1 origin and background 2 expansion into the united states 3 expansion into south korea 4 current business 5 bruegger s green mountain acquisition 6 see also 7 references 8 external links origin and background edit timothy s world coffee centerpoint mall timothy s was founded in 1975 as a retailer of premium roasted coffee beans by timothy snelgrove and his wife teresa snelgrove . the company was originated as a business school project snelgrove undertook while studying at the university of western ontario . as the company expanded it evolved its retail offering to include brewed coffee . timothy s was purchased by ian and becky mckinnon in 1986 who further expanded retail locations and created a wholesale coffee division . timothy s also became a roaster partner of keurig and began producing single serve k cups for use in keurig s line of single serve brewers . in 2008 timothy s became an affiliated portfolio company of sun capital partners . on november 13 2009 it was announced that green mountain coffee roasters inc. would acquire timothy s wholesale business while bruegger s enterprises inc. would purchase and continue to operate the retail business . 1 bruegger s would also acquire timothy s partner restaurants mmmuffins and michel s baguette through a wholly owned subsidiary called threecaf brands canada inc. 2 timothy s produces its own coffee beans roasting and producing multiple formats of coffee in its own plant in toronto . for this reason the company offers a freshness guarantee and other supporting company policies . expansion into the united states edit in the mid 1990s timothy s expanded into the united states concentrating in new york city . other stores were located in boston washington d.c. and philadelphia . at one point it was new york city s second largest coffeehouse chain after starbucks . after the september 11 attacks in 2001 the company closed its american operations and the company re focused on the canadian market and wholesale business operation . expansion into south korea edit timothy s opened its first overseas store in seoul republic of korea south korea on may 19 2007 . 3 current business edit timothy s has since purchased the existing stores in canada . it later acquired the mmmuffins and michel s baguette retail businesses . today the company operates some 61 canadian stores under the timothy s name . timothy s also operates a wholesale coffee business supplies office coffee service companies packages coffee in k cups for keurig home and office brewers and has a distribution program in large chain hotels grocery stores sports clubs and similar venues . in february 2009 it named a brand of coffee the presidential no. 44 blend to celebrate a visit to canada by u.s. president barack obama . 4 bruegger s green mountain acquisition edit on november 13 2009 green mountain coffee roasters acquired timothy s wholesale business from sun capital partners inc. for a cash purchase price of approximately 157 million in u.s. dollars subject to adjustment . concurrently bruegger s enterprises inc. acquired timothy s retail operations for an undisclosed sum . green mountain acquired the timothy s world coffee wholesale business but not their retail operations . timothy s wholesale business will be maintained as a canadian subsidiary with operations integrated into green mountain s specialty coffee business unit . bruegger s enterprises inc. through a wholly owned subsidiary called threecaf brands canada inc. 5 assumed control of timothy s three restaurant brands timothy s world coffee mmmuffins and michel s baguette . 1 bruegger s intends to continue operations of all three brands . see also edit coffee portal list of coffeehouse chains references edit a b green mountain buys canadian licensee ups outlook 1 archived december 19 2009 at the wayback machine . timothy s website timothy s news release february 2009 http www.nrn.com breakingnews.aspx id 375816 & menu id 1368 . retrieved november 19 2009 . missing or empty title help dead link external links edit wikimedia commons has media related to timothy s world coffee . timothy s world coffee canada timothy s world coffee timothy s korea timothy s coffee store retrieved from https en.wikipedia.org w index.php title timothy % 27s world coffee & oldid 724009621 categories coffee houses of canadahidden categories articles with wayback machine linkspages with citations lacking titlespages with citations having bare urlsall articles with dead external linksarticles with dead external links from june 2016commons category template with no category setcommons category without a link on wikidata navigation menu personal tools not 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