Soda maker Dr Pepper Snapple Group Inc has been acquired by Keurig’s owner, JAB Holdings Co, in a deal worth more than $21 billion.
The company now has a range of hot and cold beverages including Green Mountain Coffee, 7UP, Snapple and Sunkist.
Keurig Chief Executive Bob Gamgort said, “we’re able to address almost every consumer need in every format.”
The companies estimate $600 million in cost-savings and are looking into new opportunities to expand the business by selling coffee in bottle and in vending machines.
