BURLINGTON, Mass., FRISCO, Texas and AMSTERDAM — Qahwa World
Keurig Dr Pepper Inc. (KDP) said it has acquired 96.22% of JDE Peet’s N.V., advancing its strategy to build a global coffee business alongside its North American beverage operations.
The deal combines JDE Peet’s global coffee platform with KDP’s Keurig system, bringing together established brands, distribution networks, and category expertise. The company said integration efforts are underway, focusing on operations, cost synergies, andorganisationall alignment.
KDP reiterated plans to split into two publicly traded U.S. companies after an interim period:
a North America-focused beverage business, and
a standalone global coffee company.
You may like: Keurig Dr Pepper Seals $15.7 Billion JDE Peet’s Deal as 96% of Shares Tendered
As part of the move, KDP appointed Rafael Oliveira as CEO of its coffee unit and future head of the planned Global Coffee Co. Oliveira, who has led JDE Peet’s since 2024, will join KDP’s executive leadership team and report to CEO Tim Cofer, who is expected to lead the beverage company post-separation.
KDP Chair Pam Patsley said Oliveira was selected following a comprehensive review process, citing his experience in global markets and recent performance at JDE Peet’s. Cofer said the combination and leadership structure position the company to scale its coffee operations globally.
Oliveira said the combined business aims to operate across all coffee segments and markets, leveraging global reach and local expertise.
The company said it is targeting operational readiness for the separation by the end of 2026, subject to market conditions and internal milestones.
A post-closing acceptance period for remaining shareholders runs through April 13, 2026. With KDP now holding more than 95% of shares, JDE Peet’s will be delisted from Euronext Amsterdam, with the last trading day set for April 29 and delisting expected on April 30.
