Keurig is buying Dr Pepper Snapple Group, bringing together the make-at-home coffee brand with the company behind Dr Pepper soda, Mott’s apple juice and Snapple iced teas.
The combination lets the company offer “hot and cold beverages to satisfy every consumer throughout the day,” said Larry Young, chief executive of Dr Pepper Snapple.
Keurig Dr Pepper, the combined company, will have about USD11 billion in annual sales. That’s still far smaller than PepsiCo Inc. and Coca-Cola Co., which had sales in 2016 of USD63 billion and $41 billion, respectively.
Keurig Green Mountain Inc., which is a privately held company, is known for its single-serve coffee makers. It also sells coffee pods that are sold in stores under the Green Mountain and Donut Shop name.
The pods, which are placed in the coffee makers and thrown out, have been criticized by environmental advocates as contributing to more waste.
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