Keurig Dr Pepper Acquires JDE Peet’s in $18B Deal, Plans to Split Company
Keurig Dr Pepper made a groundbreaking announcement on Monday morning, revealing its plans to acquire the Dutch coffee and tea giant, JDE Peet’s, in a whopping $18 billion deal. This acquisition is set to create a new global champion in the coffee industry. Post-acquisition, the beverage behemoth plans to split into two independent publicly traded companies, with one focusing on refreshment beverages and the other on coffee operations.
This strategic deal will provide the newly formed entity with access to over 100 countries, boasting an extensive brand portfolio that spans across all coffee segments, channels, and price points. JDE Peet’s, the parent company of Peet’s Coffee, operates 32 production sites across the UK, US, and China. This transaction is one of the largest M&A deals in the beverage industry this year, representing Keurig Dr Pepper’s strategic move to strengthen its position in the global coffee market.
However, shares of Keurig Dr Pepper fell by more than 3% in premarket trading as investors processed the news of this massive acquisition and the planned corporate restructuring.
Source: CNBC