08/25/2025

Dr Pepper to Unwind Its Merger with Keurig

This comes after the company's recent purchase of Peet’s

Less than a decade after their merger, Keurig and Dr Pepper plan to become separate companies again.

Keurig Dr Pepper said Monday it is buying the owner of Peet's Coffee in an $18 billion. Then it will break itself in two, with one company selling coffee and the other selling cold beverages like Snapple, Dr Pepper, 7UP and energy drinks.

The agreement unwinds the 2018 merger of Keurig and Dr. Pepper. Shares of Keurig Dr Pepper fell 7 percent in early trading Monday.

Please select this link to read the complete article from The Associated Press.