A sign is posted in front of a Peet’s Coffee store in San Francisco on Aug. 25, 2025. Justin Sullivan/Getty Images
Keurig Dr Pepper (KDP) announced a merger agreement on Aug. 25, in which KDP will acquire JDE Peet’s in an all-cash deal. The transaction will create an international coffee leader, combining KDP’s Keurig—North America’s leading single-serve coffee platform—with JDE Peet’s global portfolio of coffee brands.
Following the close of the acquisition, KDP will separate into two independent, U.S.-listed publicly traded companies—a soft drink refreshment company, Beverage Co., and the Global Coffee Co., being billed as the world’s No. 1 pure-play coffee firm.
