Keurig Dr Pepper is nearing an agreement to buy Dutch coffee company JDE Peet’s in a deal worth about $18 billion, according to the Wall Street Journal (gated). The acquisition would split the combined group into separate beverage and coffee units, effectively reversing the 2018 Keurig–Dr Pepper merger that analysts had long criticized.
Keurig Dr Pepper’s beverage arm has performed well, but its coffee operations have lagged. The company, based in Texas, has a market value of nearly $48 billion and owns more than 125 brands including 7-Up, Canada Dry, Snapple, Green Mountain, and Tully’s Coffee.
Amsterdam-based JDE Peet’s, with a market cap of around $15 billion, owns Peet’s Coffee, Stumptown, and Maxwell House among others. Neither company has commented on the report.
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This article was written by Eamonn Sheridan at investinglive.com.