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Keurig Dr Pepper to Buy JDE Peet’s for €15.7 Billion, Then Split Into Two Companies

Executives frame the deal as a scale play in coffee to support a focused break-up, with about $400 million in savings projected.

FILE - The logo for Keurig Dr. Pepper appears above a trading post on the floor of the New York Stock Exchange, July 12, 2018. (AP Photo/Richard Drew, File)
Dr Pepper soda cans for sale are pictured at a grocery store in Pasadena, California, U.S., February 14, 2018. REUTERS/Mario Anzuoni/File Photo
Bottles of Dr. Pepper soda on a supermarket shelf in New York on January 29, 2018.

Overview

  • Keurig Dr Pepper will pay €31.85 per JDE Peet’s share in cash, a 33% premium to the 90‑day average, with a previously declared €0.36 dividend to be paid by JDE Peet’s before closing.
  • The acquisition is slated to close in the first half of 2026, followed by a spin-off of Global Coffee Co. to KDP shareholders by the end of 2026.
  • Global Coffee Co. is described as the world’s largest pure-play coffee company with roughly $16 billion in annual sales and a footprint in more than 100 countries.
  • Leadership and locations: Beverage Co. will be led by CEO Tim Cofer and based in Frisco, Texas, while Global Coffee Co. will be led by CFO Sudhanshu Priyadarshi with global headquarters in Burlington, Massachusetts, and international headquarters in Amsterdam.
  • JAB Holding expects to own nearly 5% of each company after the spin-off, and markets reacted with KDP shares down about 3% premarket as JDE Peet’s rose roughly 17–18% in Amsterdam.