Keurig Dr Pepper (KDP) has secured the acquisition of Dutch coffee company JDE Peet’s for approximately $24.9 billion.
Completing the deal through its wholly-owned subsidiary Kodiak BidCo, KDP will now take control of JDE’s portfolio comprising more than 50 brands, including Campos Coffee in Australia, Moccona, and Peet’s Coffee.
Founded in 1753 in the Netherlands, JDE Peet’s became the world’s largest pure-play coffee company.
Settlement of the offer will take place on April 1, with a post-closing acceptance period running until April 13. Due to the offer being unconditional, JDE Peet’s shares will be delisted.
The move marks a significant step in the beverage industry, and subsequent creation of Global Coffee Co and Beverage Co. JDE Peet’s previously commented that the integration will result in around $582 million in cost savings.
