Keurig Dr Pepper to Split Beverage, Coffee Businesses Following JDE Peet’s Acquisition

Keurig Dr Pepper (KDP) is acquiring JDE Peet’s, a global coffee manufacturer, as part of efforts to restructure the company. 

JDE Peet’s serves 100 markets with a portfolio of brands that includes Maxwell House, Peet’s, L’OR, Jacobs, Douwe Egberts, Kenco, Pilao, OldTown, Super, Moccona and others.

Following the close of this more than $18 billion transaction, KDP plans to split into two independent, U.S.-listed publicly traded companies: Beverage Co. and Global Coffee Co. The company’s goal is to create a “global coffee champion” and the “No. 1 pure-play coffee company.”

CEO Tim Cofer said the new coffee business will generate $16 billion in annual net sales.