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Burger King buys Tim Hortons
Henrietta, N.Y. - Burger King struck an $11 billion deal to buy Tim Hortons that would create the world's third largest fast-food company and could make the Canadian coffee-and-doughnut chain more of a household name around the world.
All the coffee for Tim Hortons United States restaurants is roasted in Henrietta, N.Y.
The Maidstone plant employees 46 people and has been roasting coffee beans for the Tim Hortons U.S. restaurants since 2002.
“We may see the Rochester roasting operations for Tim Hortons actually pick up more work, possibly even add jobs as Burger King continues to add more coffee under that Tim Hortons brand,” said Brighton Securities Chairman George Conboy.
It’s something both Burger King and Tim Hortons customers we spoke with would like to see.
“I’ve had Tim Hortons, so I would definitely order it here,” said Melissa Hunt as she went picked up lunch at Burger King.
“I do not think of Burger King as a coffee place,” said Shaun Courtney a regular at Tim Hortons. “But if they do have Tim Hortons [coffee] I would probably go there a lot more often.”
But not so fast say the executives from the two chains, there are no current plans to put Tim Hortons items on Burger King menus or vice versa.
A spokesperson for Tim Hortons says there are also no plans to make any changes to the Maidstone plant either, business as usual will continue there.
“There's no plans to mix the products or do co-branding," said Daniel Schwartz, CEO of Burger King and a principal of 3G Capital, which owns a majority stake in the hamburger chain.
The deal has fallen under a lot of scrutiny as it will move Burger King’s headquarters from the Miami, FL to Canada.
Congresswoman Louise Slaughter sent 13WHAM this statement in response to the deal:
"When American companies move their headquarters abroad to evade taxes, the rest of us are forced to pick up the tab. That's why I'm cosponsoring legislation to stop the practice of corporate inversion.”
Senator Chuck Schumer, who has been outspoken against corporate inversions, sent us the following statement:
"Burger King's plans to merge with Tim Horton's, move headquarters to Canada and skirt U.S. taxes is yet another striking example of the need to address corporate tax inversions, and I look forward to working with my colleagues towards a comprehensive plan that will combat this egregious cost-cutting ploy."