FRISCO, Texas (KXXV) — Keurig Dr Pepper (KPD) announced Monday it will acquire JDE Peet's, a global coffee brand.
After the acquisition closes, KDP plans to separate into two independent, U.S.-listed publicly traded companies, creating Beverage Co. and Global Coffee Co.
Keurig Dr Pepper currently operates from Frisco, Texas. Following the planned separation, the new Beverage Co. will remain headquartered in Frisco.
The Frisco-based Beverage Co. will become a major independent player in the North American beverage market, featuring:
- Iconic brands like Dr Pepper (a $5+ billion brand with Texas heritage)
- Canada Dry, 7UP, and A&W
- Over $3 billion in energy and functional beverage categories
