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Keurig and Dr. Pepper Snapple Group Merging at SCLA

According to the Victorville Daily Press, January 29, 2018, in what’s been dubbed “the largest soft drink deal in history,” Dr. Pepper Snapple Group Inc. and the Keurig Green Mountain Inc. have announced a merger, which will rebrand the company as Keurig Dr. Pepper. The definitive merger agreement and creation of the new beverage company will affect the plant at Southern California Logistics Airport in Victorville and virtually every point-of-sale in North America. Consumer group JAB Holding and the owner of Keurig agreed to take control of Dr. Pepper Snapple in a deal that will pay $18.7 billion in cash to shareholders and assemble a massive beverage distribution network in the U.S., Bloomberg reported. Under the terms of the agreement, which has been unanimously approved by the Dr. Pepper Snapple Board of Directors, Dr. Pepper Snapple shareholders will receive $103.75 per share in a special cash dividend and retain 13 percent of the combined company.

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