**Company Background:**
– Founded in 1981 as Green Mountain Coffee Roasters
– Renamed to Keurig Dr Pepper Inc.
– Headquarters located in Burlington, Massachusetts and Frisco, Texas
– Founder is Robert Stiller
**Products:**
– Coffee brewing machines
– Soft drinks
– Other beverages
– Snacks
– Packaged food items
**Market Presence:**
– Operates in the United States
– Presence in the beverage industry
– Competes with other beverage companies
– Strong market share in coffee products
– Diverse product portfolio
**Financials:**
– Revenue generated annually
– Profit margins
– Market capitalization
– Stock performance
– Investments in research and development
**Sustainability Initiatives:**
– Environmental impact reduction efforts
– Sustainable sourcing practices
– Recycling programs
– Energy efficiency projects
– Community engagement in sustainability
This article contains content that is written like an advertisement. (March 2022) |
Keurig Dr Pepper Inc., formerly Green Mountain Coffee Roasters (1981–2014) and Keurig Green Mountain (2014–2018), is a publicly traded American beverage and coffeemaker conglomerate with headquarters in Burlington, Massachusetts and Frisco, Texas. Formed in July 2018, with the merger of Keurig Green Mountain and Dr Pepper Snapple Group (formerly Dr. Pepper/7up Inc.), Keurig Dr Pepper offers over 125 hot and cold beverages. The company's Canadian business unit subsidiary operates as Keurig Dr Pepper Canada (formerly Canada Dry Motts).
 | |
| Formerly | Green Mountain Coffee Roasters (1981–2014) Keurig Green Mountain (2014–2018) |
|---|---|
| Company type | Public |
| |
| ISIN | US49271VAP58 |
| Industry |
|
| Predecessor | Dr Pepper Snapple Group |
| Founded | 1981 (as Green Mountain Coffee Roasters) Waitsfield, Vermont, U.S. |
| Founder | Robert Stiller |
| Headquarters | Burlington, Massachusetts, U.S. Frisco, Texas |
Key people | Robert Gamgort (Executive Chairman and CEO) |
| Brands | List
|
| Revenue |  US$11.618 billion (2020) |
| Owners |
|
Number of employees | 27,500 (2021) |
| Website | keurigdrpepper |
The company's east-coast division manufactures Keurig brewing systems; sources, produces, and sells coffee, hot cocoa, teas, and other beverages under various brands for its Keurig machines; and also sells coffee beans and ground coffee in bags and fractional packs. As of 2018, the newly merged conglomerate also sells sodas, juices, and other soft drinks via its Dr Pepper Snapple division based in Texas.
Green Mountain Coffee Roasters (GMCR) was established in 1981. After regional and national expansion in the late 1980s, and an IPO in 1993, the company completed its acquisition of the brewing-machine manufacturer Keurig, Inc. in 2006, enabling rapid growth through the high-margin sales of its many varieties of single-serve K-Cup pods. In March 2014, GMCR changed its name to Keurig Green Mountain.
A publicly traded company from 1993 through 2015, Keurig Green Mountain was acquired by a group of investors led by JAB Holding Company in March 2016 for $13.9 billion in cash. Keurig Green Mountain became a privately held company for two years, and was an independent entity run by its pre-existing management team and a new CEO.
On July 9, 2018, Keurig Green Mountain acquired the Dr Pepper Snapple Group in an $18.7-billion deal. The combined company was renamed Keurig Dr Pepper, and traded publicly again on the New York Stock Exchange under the ticker "KDP" until 2020 when it switched to Nasdaq while retaining the same ticker. Shareholders of Dr Pepper Snapple Group own 13% of the combined company, with Keurig shareholder Mondelez International owning 13% to 14% of that fraction. JAB Holdings owns the remaining 73-74%.
In 2021, Keurig Dr Pepper opened its second headquarters in Frisco, Texas.