Business
Keurig Dr Pepper Acquires JDE Peet's and Announces Rafael Oliveira as CEO of Future Global Coffee Co.
Transaction creates global coffee powerhouse Oliveira will continue as JDE Peet's CEO and joins KDP to lead combined coffee business This is a joint press
About this update from Keurig Dr Pepper Inc.
[{"type":"text","content":"Transaction creates global coffee powerhouse Oliveira will continue as JDE Peet's CEO and joins KDP to lead combined coffee business This is a joint press release by Keurig Dr Pepper Inc., Kodiak BidCo B.V. and JDE Peet's N.V. in connection with the recommended public cash offer by Kodiak BidCo B.V. (the \"Offeror\") for all issued and outstanding ordinary shares in the capital of JDE Peet's N.V. (such offer, the \"Offer\", such shares, the \"Shares\" and each holder of such Shares, a \"Shareholder\"). This announcement does not constitute an offer, or any solicitation of any offer, to buy or subscribe for any securities in JDE Peet's N.V. The Offer is being made only by means of the offer memorandum dated 15 January 2026 (the \"Offer Memorandum\"). Terms not defined in this press release will have the meaning as set forth in the Offer Memorandum. This press release is not for release, publication, or distribution, in whole or in part, in or into, directly or indirectly, in any jurisdiction in which such release, publication, or distribution would be unlawful.BURLINGTON, Mass. and FRISCO, Texas and AMSTERDAM, April 1, 2026 /PRNewswire/ -- Keurig Dr Pepper Inc. (\"KDP\" or \"the Company\") (NASDAQ: KDP) and JDE Peet's N.V. (\"JDE Peet's\") (EURONEXT: JDEP) jointly announced that KDP has acquired 96.22% of the Shares of JDE Peet's in the Offer. The transaction marks a major milestone in the Company's strategic transformation and long‑term growth agenda.With this acquisition, KDP is bringing together world‑class brands, deep category expertise, and complementary capabilities in coffee across JDE Peet's and KDP's Keurig business. The Company is moving forward with detailed integration efforts focused on operational excellence, synergy capture, leadership alignment and disciplined execution to ensure a seamless transition for customers, consumers and employees. As previously announced, after an interim operating period, KDP plans to separate into two independent, U.S.-listed publicly traded companies, creating a consumer-obsessed leader in North America's attractive refreshment beverages market (\"Beverage Co.\") and a global coffee powerhouse (\"Global Coffee Co.\").KDP additionally announced its Board of Directors has named Rafael Oliveira as Chief Executive Officer of its coffee operating unit and as CEO for the future Global Coffee Co...