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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]
The American Bottling Company, formerly Dr Pepper/Seven Up Bottling Group (1999–2006), Cadbury Schweppes Bottling Group (2006–2008), and Dr Pepper Snapple Bottling Group (2008), is the bottling company of Dr Pepper Snapple Group, and is a wholly owned subsidiary of that company. [1]
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%. [15] [16] In 2021, Keurig Dr Pepper opened its second headquarters in Frisco, Texas. Since April 2024, the CEO of Keurig Dr Pepper has been Tim Cofer. [3]
Dr Pepper Snapple Group (NYS: DPS) is a leading producer of flavored beverages in North America and the Caribbean. Our success is fueled by more than 50 brands that are synonymous with refreshment ...
Snapple is a brand of tea and juice drinks which is owned by Keurig Dr Pepper, based in Plano, Texas, United States. The original producer of Snapple, a company that was known as Unadulterated Food Products, was founded in 1972. [1] The brand achieved some fame due to various pop-culture references, including television shows.
Beverage companies Coca-Cola , PepsiCo , and Dr Pepper Snapple Group dominate the industry landscape. However, Coca-Cola and PepsiCo stand out as the two best investments among the giants; here's why.
In May 2008, Cadbury Schweppes spun off Cadbury Schweppes Americas Beverages into an independent company called the Dr Pepper Snapple Group, and renamed itself to Cadbury plc. [34] On July 9, 2018, Keurig acquired the Dr Pepper Snapple Group in an $18.7 billion deal. The combined company was renamed "Keurig Dr Pepper". [35] [36]
In the mid-90s, when the company's flavored iced teas and juices were an ubiquitous presence in convenience-store fridges and school lunches, it was a point of local pride.