{"id":110938,"date":"2025-08-26T09:22:09","date_gmt":"2025-08-26T09:22:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/110938\/"},"modified":"2025-08-26T09:22:09","modified_gmt":"2025-08-26T09:22:09","slug":"peets-coffee-parent-company-sold-for-18-billion-to-keurig-dr-pepper","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/110938\/","title":{"rendered":"Peet’s Coffee parent company sold for $18 billion to Keurig Dr. Pepper"},"content":{"rendered":"\n

A new coffee giant could be brewing. <\/p>\n

The American beverage firm Keurig Dr. Pepper plans to buy JDE Peet\u2019s, the European parent company of California\u2019s gourmet coffee trailblazer, Peet\u2019s Coffee, in an all-cash transaction worth about $18 billion. <\/p>\n

Keurig Dr. Pepper will be split into two independent companies<\/a>, one of which will focus on coffee, according to a Monday release. <\/p>\n

The new coffee company will be called Global Coffee Co. and will be publicly traded in the U.S., as will the beverage company, which will be called Beverage Co. Global Coffee Co. will have approximately $16 billion in combined annual sales and Beverage Co. will have more than $11 billion in annual net sales, the release said. <\/p>\n

\u201cToday\u2019s announcement marks a transformational moment in the beverage industry,\u201d said Keurig Dr. Pepper Chief Executive Tim Cofer in a statement. \u201cThrough the complementary combination of Keurig and JDE Peet\u2019s, we are seizing an exceptional opportunity to create a global coffee giant.\u201d<\/p>\n

Under the terms of the deal, Keurig Dr. Pepper will pay JDE Peet\u2019s shareholders 31.85 euros per share in cash, equivalent to about $37 per share. The value is a 33% premium to JDE Peet\u2019s 90-day volume-weighted average stock price.<\/p>\n

After the deal was announced, JDE Peet\u2019s shares climbed more than 15%. Keurig Dr. Pepper shares fell more than 10%.<\/p>\n

According to JDE Peet\u2019s half-year report released in July, sales for the company grew more than 19% over the past year.<\/p>\n

Along with Peet\u2019s Coffee, JDE Peet\u2019s owns popular brands including Stumptown Coffee Roasters and German coffee name Jacobs. Peet\u2019s Coffee has made a name for itself as a San Francisco-based destination that helped bring dark, gourmet coffee to American consumers. <\/p>\n

After working at his father\u2019s small coffee company in the Netherlands, Alfred Peet moved to the U.S. and in 1966 opened the first Peet\u2019s Coffee shop in the Bay Area, near UC Berkeley. <\/p>\n

\u201cI came to the richest country in the world, so why are they drinking the lousiest coffee?\u201d Peet used to say, according to the Peet\u2019s Coffee website. <\/p>\n

By 1971, Peet was training three young entrepreneurs and provided them with the roasted beans to open their new venture, Starbucks. There are now more than 220 Peet\u2019s Coffee shops in California and more than 40 in other states. <\/p>\n

After the acquisition closes, Global Coffee Co. will have the world\u2019s most expansive coffee portfolio<\/a>, the release said, including $1-billion-plus revenue brands Keurig, Jacobs, L\u2019OR and Peet\u2019s. The acquisition and split into two companies will unwind the merger between Keurig and Dr. Pepper that closed in 2018. <\/p>\n

\u201cWe are excited to join forces with Keurig to chart the future of global coffee by leveraging our combined portfolio of the world\u2019s most beloved coffee brands,\u201d said JDE Peet\u2019s Chief Executive Rafa Oliveira in a statement. <\/p>\n","protected":false},"excerpt":{"rendered":"A new coffee giant could be brewing. The American beverage firm Keurig Dr. Pepper plans to buy JDE…\n","protected":false},"author":2,"featured_media":110939,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[24379,72665,28,2356,17112,72666,12530,72663,72667,72661,72662,72664,72660,3151,3749,4477],"class_list":["post-110938","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-acquisition","tag-beverage-company","tag-business","tag-california","tag-coffee","tag-coffee-parent-company","tag-deal","tag-global-coffee-co","tag-gourmet-coffee-trailblazer","tag-jde-peet","tag-keurig-dr-pepper","tag-monday-release","tag-peet","tag-premium","tag-share","tag-world"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/110938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=110938"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/110938\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/110939"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=110938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=110938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=110938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}