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Cadbury Schweppes purchased Dr Pepper/Seven Up in 1995. Beverage America and Select Beverages bottlers were purchased from the Carlyle Group in February 1998. [8] Snapple, Mistic, and Stewart's (formerly Cable Car Beverage) were sold by Triarc Companies, Inc. to Cadbury Schweppes in 2000 for $1.45 billion. [9]
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.
In July 2018, Keurig Green Mountain acquired Dr Pepper Snapple Group in a deal worth $18.7 billion. Legally, Dr Pepper Snapple Group was the surviving company; it remained publicly traded and changed its name to Keurig Dr Pepper. [80] This created the third largest beverage company in North America.
In 1983, Quaker bought Stokely-Van Camp, Inc., makers of Van Camp's and Gatorade. [16] Quaker bought Snapple for $1.7 billion in 1994 and sold it to Triarc in 1997 for $300 million. [17] Triarc sold it to Cadbury Schweppes for $1.45 billion in September 2000. [18] It was spun off in May 2008 to its current owners, Dr Pepper Snapple Group.
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. [4] Dr Pepper/Seven Up still exists as a trademark and brand name as of 2024. [5] On July 9, 2018, Keurig acquired the Dr Pepper Snapple Group in an $18.7
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]
I thought Snapple's apple flavor tasted artificial, and the fruit punch was too sweet. However, I really enjoyed most of the lemonade varieties and was surprised by my top choices.
In 1997, Triarc acquired Snapple Beverages from Quaker Oats, which had bought the company from leveraged buyout firm Thomas H. Lee Partners in 1994 for $1.7 billion. Quaker discontinued the Wendy the Snapple Lady (Wendy Kaufman) advertisements and sold Snapple to Triarc for $300 million in 1994. Triarc reintroduced Wendy the Snapple Lady. [4]