(BFM Stock Exchange) – Keurig Dr Pepper, American company owner of numerous drinking brands and producer of coffee capsules, announced the acquisition of JDE Peet’s, which notably owns Café Grand’Mère, for 15.7 billion euros. The group then intends to split its soda and coffee activities.

Keurig Pepper will get fat to better cut himself in half. This American company was born in 2018 from the merger of Keurig Green Mountain with Dr Pepper Snapple Group. This marriage had then created a group operating both on hot drinks and cold drinks, with production machines and coffee capsules on the one hand, and on the other hand, many sodas brands like Schweppes, Dr Pepper and Canada Dry.

The company, which released $ 15.35 billion in revenues last year, announced on Monday, August 25, an important buy -back operation.

The American group has established an agreement to take over JDE Peet’s, a Dutch company listed in Amsterdam and specializing in coffee and tea. In particular, it has in its fold the French brands of Grand’Mère cafes and Jacques Vabre, as well as the pods and Senseo machines.

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A slightly chick premium

Keurig Dr Pepper said that he would pay 15.7 billion euros in cash to buy the Dutch company, debt excluded. At the end of Friday, JDE Peet’s displayed a market capitalization of 12.95 billion euros.

By action, Keurig Dr Pepper will pay 31.85 euros, which represents a bonus of 20% compared to the closing course on Friday. This level is relatively low. To give an idea, a study by Alantra from early 2025 showed that the median premium exteriorized by public purchase operations carried out last year on the Paris Stock Exchange was 32% compared to the last closing course.

Compared during the JDE Peet’s weighted action of exchanges volumes over the last 90 days, the premium offered is 33%, said Dr. Keurig Pepper. It should be noted that the proposed price also excludes the dividend of 36 cents which will be paid by JDE Peet’s to its shareholders before the closing of the transaction.

On the Amsterdam Stock Exchange, JDE Peet’s course opened in a hause of 17.4% on Monday to get closer to the price offered by Dr Keurig Pepper namely 31.16 euros.

“This fascinating agreement will create a global coffee champion thanks to the complementary combination of KDP, the main coffee platform in individual portion in North America, with the world portfolio of coffee brands appreciated by JDE Peet’s,” the American group said in a press release.

The company explains in passing to have obtained agreements from the shareholders of the Dutch company representing 69% of the voting rights.

JDE Peet’s is mainly held by German Jab, who also has a significant minority participation in Keurig Dr Pepper, explains Reuters.

Towards a split

Once this transaction has been carried out, which is planned for the first part of the year 2026, Dr Keurig Pepper intends to split in two, which is de facto to cancel the merger operated in 2018.

Coffee activities will thus be listed on the stock market apart, while cold drinking activities will operate independently.

This will create “two strategically targeted and large -scale drinking companies with proposals of differentiated value for shareholders, presenting distinct capital growth and capital allowance to offer a lasting and convincing long -term value”, explains Keurig Dr Pepper.

The company refocused on cafes will display revenues of approximately $ 16 billion. The rapprochement of the product portfolio of Keurig Dr Pepper Ave that of JDE Peet’s should also generate cost synergies expected at $ 400 million in a full year (within three years of the transaction closing) and have a positive impact on profit by action from the first year.

The company that will operate on cold drinks will generate revenues of $ 11 billion, including $ 5 billion for Dr Pepper, and more than $ 1 billion for Canada Dry and 7UP.

This company “will be a major player on the North American market for refreshing drinks, which represents $ 300 billion,” said Dr. Keurig Pepper.

A defensive movement

With this transaction, Dr. Keurig Pepper seems to operate a defensive movement, while his coffee activity has suffered from competition in the United States. His income fell 2.6% last year in this country.

“Keurig Dr Pepper is holding his rank in the sodas, but competition in the cafe tempers our conviction on his competitive advantage,” wrote Morningstar in mid-August.

JDE Peet’s, for his part, is in great shape. By excluding the increase this Monday, the action was already climbing more than 60% out of 2025, thanks to excellent results and good execution. The group presented in July a new long -term growth strategy aimed at focusing on three key brands.

“We think that the coffee sector has been changing more than ever for decades, especially with the growth of cold coffee. The passage of ready-to-service to cold coffee, for example, to hot coffee machines at home, does not seem clear or linear and will probably require significant investments in shadowl marks. The simplification and the increased concentration that will flow are therefore welcome” the presentation of this strategy.

Last year, JDE Peet’s released a growth of 5.3% in comparable data while its profit climbed almost 50%.

In the first half of 2025, sales had climbed 22.5% into comparable data, with prices up 21.5% and volumes increasing by 1%, while the adjusted operating profit had increased by 2% in comparable data.