Keurig Dr Pepper (KDP) and JDE Peet’s have agreed to an acquisition that will create a global coffee leader serving over 100 countries. Following the acquisition, KDP plans to separate into two independent companies, with one focusing on North American refreshment beverages and the other becoming the world’s #1 pure-play coffee company. The transaction is expected to create significant value for shareholders and unlock substantial synergies. Tim Cofer will be the CEO of the new beverage company, while Sudhanshu Priyadarshi will lead the global coffee company. The deal is valued at €15.7 billion, with a 33% premium to JDE Peet’s 90-day average stock price.

The strategic rationale behind the acquisition is to combine KDP’s disruptive coffee innovations and single-serve leadership with JDE Peet’s 300-year legacy and global reach. The transformational deal is expected to generate significant value for KDP shareholders and deliver approximately $400 million in cost synergies over three years. The separation will create two focused, scaled beverage companies with tailored growth strategies and capital allocation frameworks. Global Coffee Co. will become the world’s largest pure-play coffee company, while Beverage Co. will be a challenger in the North American refreshment beverage market.

The acquisition will significantly enhance KDP’s coffee positioning and unlock incremental financial benefits. Global Coffee Co. will have a presence in over 100 countries and will lead coffee innovation worldwide. Beverage Co. will focus on the North American beverage market with iconic brands and a strong growth model. The transaction is expected to close in the first half of 2026 and is subject to customary conditions. The global headquarters for Global Coffee Co. will be in Burlington, Massachusetts, while Beverage Co. will be based in Frisco, Texas.

Read more at GlobeNewswire: Keurig Dr Pepper to Acquire JDE Peet’s and Subsequently