– History:
– Beverage America and Select Beverages bottlers acquired from the Carlyle Group in February 1998.
– Snapple, Mistic, and Stewarts sold to Cadbury Schweppes in 2000 for $1.45 billion.
– Cadbury Schweppes purchased Royal Crown Cola from Triarc in October 2000.
– Cadbury Schweppes acquired the Dr Pepper/Seven Up Bottling Group in 2006 and 2007.
– Dr Pepper Snapple Group formed in May 2008 after Cadbury Schweppes demerged its beverage holdings.
– Corporate Acquisitions:
– Dr Pepper Snapple Group purchased a minority interest in Big Red, Inc in 2008.
– Company achieved a significant reduction in PET use in plastic bottles between 2007 and 2014.
– Bai Brands acquired by Dr Pepper Snapple for $1.7 billion in November 2016.
– Keurig Green Mountain acquired Dr Pepper Snapple Group in an $18.7 billion deal in January 2018.
– Merger formed Keurig Dr Pepper, with shareholders owning varying percentages of the new company.
– Business Ventures:
– Dr Pepper Snapple Group holds the naming rights to the Dr Pepper Arena in Frisco, Texas.
– The company retains non-alcoholic beverage rights at various facilities and sponsors an NHL franchise.
– Dr Pepper Snapple Group’s investment in Big Red, Inc expanded its product portfolio.
– Emphasis on sustainability led to a significant reduction in PET usage in plastic bottles.
– Strategic acquisition of Bai Brands added to the company’s product offerings.
– Market Impact:
– Dr Pepper Snapple Group’s merger with Keurig Green Mountain created Keurig Dr Pepper.
– The combined company traded publicly on the New York Stock Exchange.
– Shareholders of Dr Pepper Snapple Group owned 13% of the new entity.
– Keurig shareholder and Cadbury owner Mondelez International held 13-14%.
– Majority stake in the new company was owned by JAB Holdings.
– Recognition and Leadership Changes:
– The buyout and merger between Dr Pepper Snapple Group and Keurig Green Mountain concluded on July 9, 2018.
– Larry Young, President and CEO of Dr Pepper Snapple Group, retired and joined the board of Keurig Dr Pepper.
– The company’s achievements in sustainability and business strategy were recognized in the industry.
– Various news outlets covered the acquisitions, mergers, and business developments of the company.
– The company’s history and milestones were documented in news articles and press releases.
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.
 | |
| Company type | Subsidiary |
|---|---|
| Industry | Beverage |
| Predecessor | Dr Pepper/Seven Up |
| Founded | October 7, 2008 |
| Defunct | July 9, 2018 |
| Fate | Acquired by Keurig Dr Pepper |
| Successor | Keurig Dr Pepper |
| Headquarters | Plano, Texas, U.S. |
Area served | Worldwide |
Key people | Robert Gamgort (CEO of Keurig Dr Pepper) |
| Products | Dr Pepper Snapple RC Cola A&W 7 Up Schweppes Sunkist Canada Dry Big Red Mott's Vernors Hawaiian Punch Nehi Squirt Other beverages |
| Revenue | 14,057,000,000 United States dollar (2022)  |
| 2,605,000,000 United States dollar (2022) | |
| 1,436,000,000 United States dollar (2022) | |
Number of employees | 21,000 (2017) |
| Parent | Keurig Dr Pepper |
| Subsidiaries | The American Bottling Company Bai Brands Big Red, Inc Canada Dry Motts Grupo Peñafiel |
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."
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."