On January 29th, Dr Pepper Snapple Group, Inc. and Keurig Green Mountain, Inc. announced a merger agreement, creating a new beverage company, Keurig Dr Pepper (KDP), with approximately $11 billion in combined revenues.
JAB Holding Company, which took Keurig Green Mountain private in 2016, will be the controlling shareholder of the combined company.
Bob Gamgort, the chief executive officer of Keurig, and Ozan Dokmecioglu, the chief financial officer of Keurig, will maintain their respective roles at KDP.
Dr Pepper Snapple President and CEO Larry Young plans to join KDP’s board of directors.
The companies expect to complete the merger in the second quarter of 2018.
