Keurig Dr Pepper will acquire JDE Peet's in an approximately $18 billion transaction and then separate the combined business into two independent publicly traded companies through a tax-free spin-off. The coffee-focused business will be named Global Coffee Co. and is expected to generate about $16 billion in annual net sales with operations in over 100 countries. The combined entity will control more than 50 coffee brands across instant, single-serve, ground and whole bean, and specialty categories, and will rank first or second in coffee sales in roughly 40 countries. Beverage Co. will focus on sodas, juices and energy drinks and is expected to generate $11 billion in annual sales.
Keurig Dr Pepper (KDP) is acquiring coffee conglomerate JDE Peet's in a transaction valued at approximately $18 billion, with plans to form the world's largest pure-play coffee company. Following the acquisition's completion, KDP plans to separate into two independent publicly traded companies through a tax-free spin-off. The coffee-focused company will be called Global Coffee Co. The transaction combines two of the coffee industry's largest players, each with significant holdings in traditional direct-to-consumer coffee brands and specialty coffee brands,
KDP, which dominates North America's single-serve coffee market through its Keurig platform, is also the owner of La Colombe Coffee plus coffee trading and logistics branches. Meanwhile, JDE Peet's owns numerous major European and North American coffee brands, including Peet's Coffee and its subsidiaries, Stumptown Coffee Roasters and Intelligentsia Coffee. The company also owns Caribou Coffee's roasting and packaged coffee business.
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