Keurig Dr Pepper
American beverage company and the world's second-largest coffee business after its $18B JDE Peet's acquisition closed April 1, 2026. Plans to split into Global Coffee Co and Beverage Co.
Company Type
public
Founded
2018
Headquarters
Plano, Texas, USA
Stock
NYSE: KDP
Revenue
approximately $14.6 billion (FY2025, pre-JDE Peet's consolidation)
Employees
Approximately 28,000
Primary Market
United States
About Keurig Dr Pepper
Following the April 1, 2026 close of the JDE Peet's acquisition, Keurig Dr Pepper operates as a global beverage company spanning coffee, soft drinks, juices, and water. The combined entity is one of the largest beverage companies in the world, with a coffee portfolio rivaling Nestle's and a North American soft drink portfolio competing with Coca-Cola and PepsiCo.
KDP's business model combines single-serve coffee systems (Keurig hardware and K-Cup pods), branded coffee retail (Peet's Coffee stores and packaged retail), international coffee brands distributed across Europe, Asia-Pacific, and Latin America (JDE portfolio), and carbonated soft drink distribution primarily in North America.
KDP employs approximately 40,000 people globally following the JDE Peet's integration, with major operations in Plano, Texas; Burlington, Massachusetts; Utrecht, Netherlands (former JDE Peet's headquarters); and Emeryville, California (Peet's Coffee).
History of Keurig Dr Pepper
Keurig Dr Pepper was formed on July 9, 2018, through the merger of Keurig Green Mountain and Dr Pepper Snapple Group. The merger created a new beverage company combining Keurig's single-serve coffee technology and Dr Pepper Snapple's extensive portfolio of carbonated soft drinks and other beverages.
Keurig Green Mountain traced its origins to 1990 and became famous for its Keurig single-serve coffee brewing systems. Dr Pepper Snapple Group was formed in 2008 when Cadbury Schweppes split its beverage business, bringing together iconic American soft drink brands.
The 2018 merger was valued at approximately $18.7 billion and was structured to create a company with complementary product portfolios and distribution networks.
In August 2025, KDP announced a definitive agreement to acquire JDE Peet's, the Amsterdam-listed global coffee company, for approximately $18 billion in an all-cash tender offer. JDE Peet's owns approximately 130 coffee brands across retail and food service channels in more than 100 countries, including Jacob's, Douwe Egberts, Senseo, Tassimo, L'OR, and Moccona. The acquisition also included Peet's Coffee, a premium U.S. retail and cafe brand.
On March 27, 2026, KDP declared its tender offer for JDE Peet's unconditional after acquiring 96.22% of all JDE Peet's shares. Settlement completed on April 1, 2026, making the deal formally closed. KDP raised $8.5 billion in new funding to support the acquisition, including a $4.5 billion Series A convertible preferred stock issuance.
Following the close, KDP announced its intention to separate into two independent publicly traded companies: Global Coffee Co. (Keurig, Peet's Coffee, all JDE brands, approximately $16 billion in combined annual revenue) and Beverage Co. (Dr Pepper, 7UP, Snapple, Canada Dry, Ghost Energy, approximately $15 billion in annual revenue). The separation is targeted for late 2026, subject to market and regulatory conditions.
Brands Owned by Keurig Dr Pepper
View all 13 brandsKeurig Dr Pepper owns 13 brands in our database. Showing featured brands below.
7 Up
Owned by Keurig Dr Pepper
American lemon-lime flavored carbonated soft drink brand known for its crisp, clean taste and caffeine-free formula.
A&W Root Beer
Owned by Keurig Dr Pepper
Classic American root beer brand founded in 1919, owned by Keurig Dr Pepper (NYSE: KDP) and sold across North America in retail and foodservice channels.
Bai
Owned by Keurig Dr Pepper
Antioxidant-infused functional beverage brand owned by Keurig Dr Pepper, founded in 2009 from a Princeton basement and acquired for $1.7 billion in 2017.
Canada Dry
Owned by Keurig Dr Pepper
Beverage brand specializing in ginger ale and other carbonated drinks, owned by Keurig Dr Pepper.
Clamato
Owned by Keurig Dr Pepper
Tomato juice cocktail mixer brand owned by Keurig Dr Pepper, known for blending tomato and clam flavors.
Core Hydration
Owned by Keurig Dr Pepper
Premium purified water brand owned by Keurig Dr Pepper, known for mineral-enhanced hydration.
Shop Keurig Dr Pepper Brands
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Stock Information
Keurig Dr Pepper Ownership: Pros & Cons
Advantages
- +JDE Peet's acquisition creates one of the world's two largest coffee businesses alongside Nestle, adding approximately $10 billion in annual coffee revenue
- +Planned separation into Global Coffee Co. and Beverage Co. expected to unlock value by allowing each business to trade at sector-appropriate multiples
- +Global Coffee Co. will have distribution across 100+ countries, providing geographic diversification beyond North America
- +Beverage Co. retains strong North American distribution infrastructure and iconic regional brands with loyal consumer bases
- +Rafael Oliveira's appointment as Global Coffee Co. CEO provides continuity from JDE Peet's leadership
Considerations
- -$18 billion acquisition required $8.5 billion in new financing, including convertible preferred stock, increasing leverage
- -Separation into two companies adds execution risk and restructuring costs through 2026 and 2027
- -Global Coffee Co. will face intense competition from Nestle's Nespresso, Dolce Gusto, and Nescafe platforms
- -Beverage Co. will be smaller than Coca-Cola and PepsiCo in North American soft drinks, limiting negotiating leverage with major retailers
- -Integration of JDE Peet's European operations and corporate culture with KDP's North American structure is a multi-year process
Frequently Asked Questions About Keurig Dr Pepper
Is Keurig Dr Pepper owned by another company?
No, Keurig Dr Pepper is an independent, publicly traded company with no parent organization. The company was formed through the 2018 merger of Keurig Green Mountain and Dr Pepper Snapple Group and trades on the NYSE under KDP. No single shareholder holds a controlling stake.
Is Keurig Dr Pepper publicly traded?
Yes, Keurig Dr Pepper trades on the New York Stock Exchange under the ticker symbol KDP. The company plans to separate into two standalone public companies, Global Coffee Co. and Beverage Co., targeted for late 2026. Each entity is expected to carry its own NYSE listing following the separation.
When was Keurig Dr Pepper founded?
Keurig Dr Pepper was formed on July 9, 2018, through the merger of Keurig Green Mountain and Dr Pepper Snapple Group. On April 1, 2026, KDP completed its $18 billion acquisition of JDE Peet's, the most significant expansion in the company's history since its formation.
What brands does Keurig Dr Pepper own after the JDE Peet's acquisition?
Following the April 1, 2026 close, KDP's portfolio includes two platforms: Future Global Coffee Co. brands (Keurig, Peet's Coffee, Jacob's, Douwe Egberts, L'OR, Senseo, Tassimo, Moccona) and future Beverage Co. brands (Dr Pepper, 7UP, Snapple, Canada Dry, Mott's, Hawaiian Punch, Schweppes, Crush, Bai, Core Hydration). The separation into two independent companies is targeted for late 2026.
What is Keurig Dr Pepper's market position?
Following the JDE Peet's acquisition close, KDP is the world's second-largest coffee business by revenue after Nestle, with a combined coffee portfolio of approximately $16 billion in annual revenue. In North American soft drinks, KDP is the third-largest competitor after Coca-Cola and PepsiCo, with strong positions in flavored CSDs through Dr Pepper and in mixers through Canada Dry and Schweppes.
Who will lead Global Coffee Co. and Beverage Co.?
KDP named Rafael Oliveira, formerly CEO of JDE Peet's, as the incoming CEO of the planned Global Coffee Co. spinoff. The CEO search for Beverage Co. was underway as of April 2026. Both companies are targeted to be independent, publicly traded entities by late 2026.
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