Keurig Dr Pepper Nears $18B Acquisition of Dutch Coffee Giant JDE Peet’s

Keurig Dr Pepper (KDP) is closing in on an $18 billion deal to acquire Dutch coffee leader JDE Peet’s, according to sources cited by the Wall Street Journal. The transaction, if finalized, WOULD bring together two beverage powerhouses under the influence of JAB Holding, which holds majority voting control at JDE Peet’s and a stake in Keurig Dr Pepper.

The combined entity plans to separate its beverage and coffee divisions, reversing the 2018 merger that created Keurig Dr Pepper. The MOVE aims to revitalize KDP’s struggling coffee segment, which saw a 0.2% decline in U.S. sales last quarter amid inflationary pressures and shipment declines.

With Keurig Dr Pepper’s $48 billion market cap and JDE Peet’s €12.8 billion valuation, the deal underscores the fierce competition in the coffee space. Market observers note the transaction could reshape pricing dynamics in the sector.