Keurig Dr Pepper Announces Landmark $18.4B Acquisition of JDE Peet’s Coffee
In a move described as transformational, Keurig Dr Pepper has revealed plans to acquire Dutch coffee company JDE Peet’s for a staggering $18.4 billion in cash. The deal, which involves a payment of €31.85 per share, represents a 33% premium to the 90-day average price.
This acquisition will merge Keurig’s North American single-serve coffee platform with JDE Peet’s global portfolio. The latter includes renowned brands such as Peet’s, L’OR, Jacobs, and Douwe Egberts.
Upon completion of the acquisition, which is expected to close in the first half of 2026, KDP has plans to divide into two independent entities. These will be a $16 billion global coffee giant and an $11 billion North American beverage company.
CEO Tim Cofer hailed the move as a ‘transformational moment‘. He believes it will result in the creation of the world’s largest pure-play coffee company, operating in over 100 countries. This strategic decision is aimed at rivalling coffee behemoths like Nestlé and Starbucks, while also addressing issues within KDP’s struggling coffee division.