Keurig Dr Pepper’s $18B Move: Brewing Two New Giants
Keurig Dr Pepper Inc. has announced a bold $18 billion acquisition of JDE Peet's, one of the world’s largest coffee and tea companies. What makes this deal especially interesting is that once completed, the business will split into two standalone, U.S. listed companies:
🫘 Global Coffee Co. → A coffee powerhouse, blending Keurig’s single-serve strength with JDE Peet’s international brands. Projected sales: ~$16B annually.
🥤 Beverage Co. → Focused on North American favorites like Dr Pepper, Snapple, and 7UP, with ~$11B in annual sales.
Tim Cofer CEO at Keurig Dr Pepper commented: "Through the complementary combination of Keurig and JDE Peet's, we are seizing an exceptional opportunity to create a global coffee giant. This is the right time for this transaction, with KDP in a position of operational and financial strength, momentum across our evolved portfolio, and increasing coffee category resilience."
Together, the transaction is expected to drive $400M in annual cost savings and give each new company sharper strategic focus.
This is a transformative step in reshaping the global drinks landscape creating not one, but two focused consumer champions!
Upon completion of the separation, Tim Cofer will become CEO of Beverage Co. and Sudhanshu Priyadarshi will become CEO of Global Coffee Co.
Rafael Oliveira will continue to serve as CEO of JDE Peet's until the closing of the acquisition.
#foodandbeveragenews #acquisitions #coffee #beverages #transformation #qlmsearch
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