30-01-2018, 01:14 PM
K-Cup maker Keurig bets big on beverages, buying Dr Pepper Snapple
Lauren Hirsch
Published January 30, 2018
Keurig Green Mountain announced plans Monday to buy Dr Pepper Snapple, in a deal that creates a new beverage giant with $11 billion in sales and combines the Dr Pepper, 7UP and Keurig's single-serve coffee brands.
The deal is the latest backed by Austrian investment firm JAB Holding Company, which has been steadily compiling a lunch and breakfast empire. JAB, which acquired Keurig Green Mountain in 2016, also owns Panera, Caribou Coffee and other breakfast and coffee concepts.
The deal forges a path for JAB to be an acquirer and major distributor of drinks in the U.S.
More details in https://www.cnbc.com/2018/01/29/dr-peppe...merge.html
Lauren Hirsch
Published January 30, 2018
Keurig Green Mountain announced plans Monday to buy Dr Pepper Snapple, in a deal that creates a new beverage giant with $11 billion in sales and combines the Dr Pepper, 7UP and Keurig's single-serve coffee brands.
The deal is the latest backed by Austrian investment firm JAB Holding Company, which has been steadily compiling a lunch and breakfast empire. JAB, which acquired Keurig Green Mountain in 2016, also owns Panera, Caribou Coffee and other breakfast and coffee concepts.
The deal forges a path for JAB to be an acquirer and major distributor of drinks in the U.S.
More details in https://www.cnbc.com/2018/01/29/dr-peppe...merge.html