Consumer

Keurig Dr Pepper to Buy JDE Peet’s for $18 Billion in Revamp

Keurig Dr Pepper in $18.4 Billion Deal to Buy JDE Peet'sSource: Bloomberg

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By Catherine Larkin and Katerina Petroff

August 25, 2025 at 6:11 AM UTC

Updated on

August 25, 2025 at 2:18 PM UTC

Keurig Dr Pepper Inc. agreed to buy JDE Peet’s NV for €15.7 billion ($18.4 billion) to bolster its struggling coffee business before kicking off a split of its operations.

The company will pay €31.85 a share in cash for the Dutch firm, a 20% premium over its closing price on Aug. 22, according to a statement Monday. Keurig Dr Pepper plans to separate its coffee and soft drinks units into two independent, US-listed companies next year once the deal is completed.