Keurig Dr Pepper Announces €15.7 Billion All-Cash Takeover of JDE Peet’s

AMSTERDAM/New YORK, August 25, 2025 - Keurig Dr Pepper (KDP) today unveiled a definitive agreement to acquire Dutch coffee giant JDE Peet’s in an all-cash transaction valued at €15.7 billion. The deal, which represents a 33 percent premium to JDE Peet’s 90-day volume-weighted average share price, marks one of the largest European acquisitions so far this year and will create the world’s leading pure-play coffee company.

Shares of JDE Peet’s surged more than 17 percent in early European trading, touching a three-year high following the announcement. Under the terms of the agreement, JDE Peet’s shareholders will receive €31.85 per ordinary share in cash, and will also be paid a previously declared dividend of €0.36 per share prior to closing.

Strategic Rationale and Post-Deal Structure

  • Keurig Dr Pepper aims to forge a global coffee leader by combining its North American single-serve platform with JDE Peet’s extensive brand portfolio, which includes Jacobs, L’OR, Tassimo, and Douwe Egberts.
  • Following the acquisition, KDP plans a tax-free spin-off to separate into two U.S.-listed companies: “Global Coffee Co.,” the world’s #1 pure-play coffee company projected to deliver roughly $16 billion in annual net sales, and “Beverage Co.,” a fast-growing North American refreshment beverage player with over $11 billion in net sales. Tim Cofer will lead Beverage Co., while Sudhanshu Priyadarshi will head Global Coffee Co..
  • The combined entity is expected to realize approximately $400 million in cost synergies over three years and to be accretive to earnings in the first full year post-close.

Conditions and Timeline The transaction, unanimously approved by JDE Peet’s Board of Directors, remains subject to customary regulatory approvals and tender-offer conditions. The companies anticipate completing the acquisition and subsequent separation in the first half of 2026.

Conference Call KDP will host a live webcast and conference call at 8:00 AM (ET) today to discuss the transaction. Registration details are available on the Keurig Dr Pepper and JDE Peet’s investor relations websites.

Market Reaction European stock markets retreated on Monday, weighed down by broader concerns over potential U.S. monetary policy easing. However, JDE Peet’s outperformed the market, with its shares reaching their highest level since September 2022 amid the buyout news.