Coffee maker Keurig Green Mountain has announced a $21 bn deal that will see it combine with soda giant Dr Pepper Snapple Group. The move caps a five-year string of acquisitions by Keurig’s owner, JAB Holding Co.
“We have a really wide portfolio of brands, we’re able to address almost every consumer need in every format and ... to reach every point of sale,” Keurig CEO Bob Gamgort told Reuters .
The companies expect cost savings from the deal of $600 million, and opportunities to expand the business such as selling coffee in bottles and vending machines.
