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Dr Pepper Snapple Group

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Dr Pepper Snapple Group
Company typeSubsidiary
IndustryBeverage
PredecessorDr Pepper/Seven Up
FoundedOctober 7, 2008; 16 years ago (2008-10-07)
DefunctJuly 9, 2018; 6 years ago (2018-07-09)
FateAcquired by Keurig Dr Pepper
SuccessorKeurig Dr Pepper
HeadquartersPlano, Texas, U.S.
Area served
Worldwide
Key people
Robert Gamgort (CEO of Keurig Dr Pepper)
ProductsDr Pepper
Snapple
RC Cola
A&W
7 Up
Schweppes
Sunkist
Canada Dry
Big Red
Mott's
Vernors
Hawaiian Punch
Nehi
Squirt
Other beverages
Revenue14,057,000,000 United States dollar (2022) Edit this on Wikidata
2,605,000,000 United States dollar (2022) Edit this on Wikidata
1,436,000,000 United States dollar (2022) Edit this on Wikidata
Number of employees
21,000[1] (2017)
ParentKeurig Dr Pepper
SubsidiariesThe American Bottling Company
Bai Brands
Big Red, Inc
Canada Dry Motts
Grupo Peñafiel[2]

Dr Pepper Snapple Group was an American multinational soft drink company based in Plano, Texas. Since July 2018, it is a business unit of the publicly-traded conglomerate Keurig Dr Pepper.

Formerly Cadbury Schweppes Americas Beverages, part of Cadbury Schweppes, on May 5, 2008, it was spun off from Cadbury Schweppes as Dr Pepper Snapple Group, with the remainder of Cadbury Schweppes becoming Cadbury, a confectionery group. Trading of Dr Pepper Snapple Group's shares commenced on May 7, 2008, on the NYSE as "DPS."[3][4]

On July 9, 2018, Keurig Green Mountain acquired Dr Pepper Snapple Group, and became Keurig Dr Pepper; the following day, the merged company began trading anew on the NYSE as "KDP."[5][6][7]

History

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Beverage America and Select Beverages bottlers were purchased from the Carlyle Group in February 1998.[8] Snapple, Mistic, and Stewart's (formerly Cable Car Beverage) were sold by Triarc Companies, Inc. to Cadbury Schweppes in 2000 for $1.45 billion.[9] That October, Cadbury Schweppes purchased Royal Crown Cola from Triarc.[10]

In 2006 and 2007, Cadbury Schweppes purchased the Dr Pepper/Seven Up Bottling Group, along with several other regional bottlers. This allowed DPS to bottle many of its own beverages and combat the recent decision by many Pepsi and Coca-Cola bottlers who had dropped their Dr Pepper and Snapple products to promote new product additions from Pepsi and Coca-Cola. Some of the Dr Pepper/Seven Up brands are still licensed to Pepsi, Coca-Cola, and independent bottlers in various regions of the United States and Canada.[citation needed]

In November 2007, Cadbury Schweppes announced it would take the beverages unit public. On May 5, 2008, Cadbury Schweppes demerged its beverage holdings forming the Dr Pepper Snapple Group.

Dr Pepper Snapple Group holds naming rights to the Dallas Stars' practice facility, the Dr Pepper Arena, which is located in Frisco, Texas. It also retains non-alcoholic beverage rights to each facility's concessions as a result of the deals as well as sponsorships with the NHL franchise.

In 2008, Dr Pepper Snapple Group purchased a minority interest in Big Red, Inc, makers of Big Red, NuGrape, Nesbitt's, and other flavored drinks.[11]

In 2014, the company announced that it accomplished its goal of reducing use of polyethylene terephthalate (PET) in its plastic bottles. Dr Pepper Snapple lowered the amount of PET in its bottles by over 60 million pounds between 2007 and 2014.[12]

On November 22, 2016, Dr Pepper Snapple announced plans to make a cash purchase of Bai Brands for $1.7 billion. It had previously purchased a minority stake in the company for $15 million in 2015.[13]

On January 29, 2018, Keurig Green Mountain announced it was acquiring the Dr Pepper Snapple Group in an $18.7 billion deal.[14] The combined company would be named Keurig Dr Pepper and would trade publicly on the New York Stock Exchange. Shareholders of Dr Pepper Snapple Group would own 13% of the combined company, while Keurig shareholder and Cadbury current owner Mondelez International owning 13–14%, and JAB Holdings owning the remaining majority stake.[5] The buyout and merger was closed on July 9, 2018.[6] Larry Young, President and CEO of the Dr Pepper Snapple Group, retired those positions and joined the board of directors of Keurig Dr Pepper.[15]

Products

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Main article: List of Keurig Dr Pepper brands

[16]

References

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  1. ^ "Dr Pepper Snapple Group". Fortune. Archived from the original on December 25, 2018. Retrieved December 24, 2018.
  2. ^ "Stock Market Insights | Seeking Alpha".
  3. ^ "Cadbury starts solo against bid background". Reuters. May 2, 2008. Archived from the original on May 11, 2008. Retrieved May 3, 2008.
  4. ^ Cadbury plc Demerger. Archived September 6, 2010.
  5. ^ a b "Factbox: JAB's empire expands in soda with Dr Pepper Snapple deal". Reuters. January 29, 2018.
  6. ^ a b "Dr Pepper & Keurig Merger Nears Completion, Forms Board". MSN Money. Zacks Equity Research. July 3, 2018. Retrieved July 3, 2018.
  7. ^ "Keurig Dr Pepper Announces Successful Completion of the Merger between Keurig Green Mountain and Dr Pepper Snapple Group". Retrieved July 9, 2018.
  8. ^ "Cadbury Announces Deal". Beverage Digest (February 23, 1998 (Special Edition)): 1. February 1999. Archived from the original on December 4, 2008. Retrieved July 17, 2008.
  9. ^ Holson, Laura M. (September 18, 2000). "Cadbury to Pay $1.45 Billion For Snapple". New York Times. Retrieved June 18, 2008.
  10. ^ "Royal Crown Cola Company". New Georgia Encyclopedia. September 15, 2006. Archived from the original on October 12, 2012. Retrieved June 18, 2008.
  11. ^ "Dr Pepper Snapple Group Takes Minority Stake in Big Red, Inc" (Press release). August 25, 2008. Archived from the original on October 9, 2011. Retrieved September 15, 2012.
  12. ^ Johnson, Jim (August 15, 2014). "Sustainability report shows impact of lightweighting at Dr Pepper". Plastics News. Crain Communications Inc. Retrieved December 22, 2014.
  13. ^ "Dr Pepper Snapple to buy antioxidant drinks maker Bai for $1.7 billion" (Press release). November 22, 2016. Retrieved November 22, 2016.
  14. ^ Keurig Green Mountain Plans to Buy Dr Pepper Snapple The New York Times January 29, 2018
  15. ^ "Keurig parent completes merger with Plano's Dr Pepper". July 9, 2018. Retrieved August 2, 2018.
  16. ^ Dr Pepper Snapple Group, Retrieved September 15, 2012.
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Wikimedia Commons has media related to Keurig Dr Pepper.
  • Dr Pepper Snapple Group
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