Keurig Dr Pepper to Buy Dutch Coffee Giant for Over $18 Billion and Split into Two Companies
Keurig Dr Pepper has announced a major acquisition, buying Dutch coffee giant JDE Peet’s — the maker behind popular brands like Douwe Egberts, Kenco, and Peet’s Coffee — for more than $18 billion. In addition, the company will undergo a major transformation, splitting into two separate publicly listed businesses: one focused on beverages and the…