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US soft drink manufacturer Dr Pepper Snapple is being acquired by Keurig Green Mountain in what will be the largest private equity deal in the US since 2016.
This historic merger, the largest soft-drinks deal ever, will bring together well-known brands such as Schweppes, Orangina and Sunkist with Keurig Green Mountain, who manufacture K-Cup coffee makers.
Keurig is a US-based company, owned by European investment firm JAB Holdings since 2015, who have spent over $40bn during the past ten years acquiring US coffee and restaurant brands, such as Krispy Kreme and Panera Bread. Dr Pepper Snapple markets over 50 brands of carbonated soft drinks, juices, teas, mixers, waters and other premium beverages.
Keurig Dr Pepper, as it will be known, will have a combined annual revenue of $11bn and unrivalled distribution capabilities in North America. Shareholders in Dr Pepper Snapple will retain a 13% stake in the newly merged company, which will also be listed on the New York Stock Exchange.