New York (AP) – Keyurig Dr. Paper said on Monday that he would buy Pete’s coffee owner JD Pete in a deal of about 18 billion dollars (15.7 billion euros).
When the acquisition is completed, the company plans to divide into two separate companies, one focused on coffee and the other Dr. Paper focuses on beverages including Canada dry, 7UP and energy drinks.
In the coffee business, joint sales will be around $ 16 billion and the beverage business will be around $ 11 billion.
“Through the complementary combination of Kerig and JDE Pete, we are seizing an extraordinary opportunity to create a global coffee veteran,” Tim Kofer, Keyurig Dr.. The CEO of the paper said.
In addition to peat, in the clutch of the Amsterdam-based JDE Peat fire, Jacobs, Do Angberts, Kanso, Payalo, Oldtown, Super and Makokona.
Once the two companies separate, the Kofar beverage will become the CEO, which will be located in Fisco, Texas, and Kerig Dr. Paper CFO Sudhanshu Priyadarshi will lead the coffee business, which will be located in Burlington, Mass with its international headquarters in Amsterdam.
The Associated Press