Keurig Acquires Dr. Pepper Snapple Group

Keurig logo

CBJ — Keurig is set to acquire ownership of Dr. Pepper Snapple Group, creating a beverage giant with about $11 billion in annual sales.

The companies will bring together iconic brands such as Dr. Pepper, 7UP, Snapple, A&W, Mott’s, Sunkist and Keurig’s single-serve coffee makers.

Despite the impressive annual sales numbers the company is still dwarfed by its two much larger competitors,  PepsiCo Inc., with annual sales of $63 billion  and Coca-Cola Co., which had sales of about $41 billion.

Keurig CEO Bob Gamgort will lead the new company, called Keurig Dr. Pepper. Larry Young, CEO at Dr. Pepper Snapple will become a director.Keurig and Dr. Pepper Snapple will continue to run out of their current locations. Keurig is based in Waterbury, Vermont and Dr. Pepper Snapple has headquarters in Plano, Texas.

The acquisition must still be approved by shareholders of Dr. Pepper Snapple Group Inc.