Keurig Dr Pepper to buy Peet's Coffee owner in $18 billion deal

Keurig Dr Pepper said Monday it volition bargain Peet's Coffee proprietor JDE Peet's successful a woody worthy astir $18 billion, with plans to divided into 2 abstracted companies aft the acquisition closes. 

One of the 2 caller businesses volition absorption connected coffee, portion the different volition absorption connected beverages including Dr Pepper, Canada Dry, 7Up and vigor drinks, the companies said successful a statement.

The java concern volition person astir $16 cardinal successful combined income and the beverage concern astir $11 billion.

"Through the complementary operation of Keurig and JDE Peet's, we are seizing an exceptional accidental to make a planetary java giant," said Tim Cofer, Keurig Dr Pepper's CEO.

In summation to Peet's, Amsterdam-based JDE Peet's brands see L'OR, Jacobs, Douwe Egberts, Kenco, Pilao, OldTown, Super and Moccona.

Once the 2 companies are separated, Cofer volition go CEO of the beverage business, which volition beryllium based successful Frisco, Texas, and Keurig Dr Pepper CFO Sudhanshu Priyadarshi volition pb the java business, which volition beryllium located successful Burlington, Mass., with its planetary office successful Amsterdam.