Keurig Dr Pepper acquired JDE Peet’s for USD 18 billion and will plan to create two independent companies. This initive will foster the importance of supply chain focus and portfolio strategy in the global coffee and beverage industry.
Keurig Dr Pepper is acquiring JDE Peet’s for USD 18 billion and will create two independent companies. The move underscores the importance of supply chain focus and portfolio strategy in the global coffee and beverage sector.
Keurig Dr Pepper headquarters, USA. is a beverage company. The company is set to lead Global Coffee Co. following the JDE Peet’s acquisition.
The company has reached a definitive agreement to acquire JDE Peet’s, owner of Peet’s Coffee as well as a leading global coffee and tea company, in an all-cash transaction valued at approximately USD 18 billion (£15.7 billion). This initiative will trigger a major corporate restructuring, with KDP planning to separate into two independent, publicly traded companies after the deal closes:
- A global coffee company with around USD 16 billion in combined annual sales.
- A North American refreshment beverage company with over USD 11 billion in annual sales.
This segregation is panned to establish a pure-play global coffee company by combining KDP’s North American single-serve coffee platform, Keurig, with JDE Peet’s extensive international portfolio. The new coffee entity will operate in more than 100 countries, holding a leading market position in 40 of them. Its brand portfolio includes L’OR, Jacobs, Douwe Egberts, Kenco, Pilao, OldTown, Super, and Moccona.
Executive Statement
According to KDP’s CEO, Tim Cofer, the combination as an exceptional opportunity to create a global coffee giant. Following the separation, Cofer will lead the new beverage business from Frisco, Texas, while KDP’s CFO, Sudhanshu Priyadarshi, will helm the new coffee business from Burlington, Massachusetts, with international offices in Amsterdam.