Keurig Green Mountain to Buy Dr Pepper Snapple in $21B Deal
Hot and cold beverage giants will join forces.
REUTERS/Shannon Stapleton / Reuters
Add these to the infinite universe of K Cup flavors: Keurig Green Mountain has agreed to buy Dr Pepper Snapple Inc. for more than $21 billion, in a deal that will create a new beverage giant to rival Coca-Cola and PepsiCo. Drinks like 7UP, Mott’s, A&W, Sunkist and Snapple will be joining pod-coffee products all under one roof—serving the affinities of soda-lovers and Donut Shop brew-addicts. Keurig’s corporate owner, Germany’s JAB Holding Co., has been pushing deep into the U.S. market, where it’s also added the Panera Bread, Peet’s, and Caribou chains in recent years.
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