Keurig discontinues Kold soda machine and offers full refunds
Keurig Green Mountain Inc., which made its name as a maker of single-cup coffee machines, is laying off more than 100 workers after its Keurig Kold home soda machine system fizzled out after less than a year on the market.
The company said Tuesday that it’s discontinuing Kold in its first generation and offering customers refunds for the full purchase price.
The home soda-making machine debuted last fall to questions about its affordability for the average consumer. The suggested retail price of the bulky countertop units was $369.99, with each soda pod costing more than a dollar — significantly more expensive than buying and storing cans of soda in your fridge.
The company had high hopes when its Kold machines debuted, suggesting they could eventually be bigger than its coffee brewers, which it said at the time were in about 17% of U.S. households. It didn’t say specifically what caused it to pull Kold.
Keurig, based in Waterbury, Vt., was bought in December for close to $14 billion by an investment group led by JAB Holding Co., a private company with a growing coffee business.
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