Dr Pepper Snapple Group
| Company type | Public (until 2018) |
|---|---|
| Industry | Beverage |
| Predecessor | Cadbury Schweppes Americas Beverages |
| Founded | May 5, 2008 in Plano, Texas, United States |
| Defunct | July 9, 2018 |
| Fate | Acquired by Keurig Green Mountain; became division of Keurig Dr Pepper |
| Headquarters | Plano , United States |
Area served | North America |
Key people | Larry Young (former CEO) |
| Products | 7 Up, A&W Root Beer, Bai Brands, Big Red, Canada Dry, Clamato, Crush, Diet Rite, Dr Pepper, Hawaiian Punch, Mott's, Mr & Mrs T, Nantucket Nectars, Snapple, Squirt, Stewart's Fountain Classics, Sun Drop, Sunkist (licensed), and others |
| Parent | Keurig Dr Pepper (since 2018) |
Dr Pepper Snapple Group was a multinational soft drink corporation based in Plano, Texas, United States. Since July 2018, it has functioned as a division within the publicly listed conglomerate Keurig Dr Pepper.
The company originated as part of Cadbury Schweppes Americas Beverages, a segment of Cadbury Schweppes, before being separated on May 5, 2008, to establish Dr Pepper Snapple Group. The residual Cadbury Schweppes business concentrated on confectionery under the name Cadbury. Dr Pepper Snapple Group commenced trading on the NYSE with the ticker symbol "DPS" on May 7, 2008.
On July 9, 2018, Keurig Green Mountain completed its acquisition of Dr Pepper Snapple Group, creating the combined entity Keurig Dr Pepper, which began trading on the NYSE under "KDP" the following day. This merger enhanced Keurig’s presence in the beverage sector and bolstered its international operations.
History
Cadbury Schweppes broadened its beverage holdings by acquiring Dr Pepper/Seven Up in 1995 and later purchasing Beverage America and Select Beverages bottlers from the Carlyle Group in 1998. In 2000, Cadbury Schweppes expanded further by acquiring Snapple, Mistic, and Stewart's from Triarc for $1.45 billion, followed by the addition of Royal Crown Cola within the same year.
Between 2006 and 2007, Cadbury Schweppes acquired the Dr Pepper/Seven Up Bottling Group along with several regional bottlers. This strategy allowed DPS to bottle a significant portion of its products independently and counter competition from Pepsi and Coca-Cola bottlers who had dropped Dr Pepper and Snapple to prioritize their own brands. Nevertheless, certain Dr Pepper/Seven Up beverages remain licensed to Pepsi, Coca-Cola, and independent bottlers throughout North America.
In November 2007, Cadbury Schweppes declared plans to spin off its beverage division, culminating in the May 2008 separation that established Dr Pepper Snapple Group.
Dr Pepper Snapple Group obtained naming rights for the Dallas Stars' practice facility—the Dr Pepper Arena located in Frisco, Texas—as well as securing concessions for non-alcoholic beverages and sponsorship agreements with the NHL.
In 2008, the company acquired a minority interest in Big Red, Inc., recognized for brands such as Big Red, NuGrape, and Nesbitt's flavored soft drinks.
By 2014, Dr Pepper Snapple had successfully decreased polyethylene terephthalate (PET) use in its plastic bottles by more than 60 million pounds since 2007 as part of its environmental sustainability efforts.
On November 22, 2016, Dr Pepper Snapple announced a $1.7 billion all-cash purchase of Bai Brands following an initial minority investment of $15 million made in 2015.
The acquisition of Dr Pepper Snapple Group by Keurig Green Mountain was finalized through an $18.7 billion transaction announced on January 29, 2018. The resulting company, Keurig Dr Pepper, is publicly traded on the New York Stock Exchange. After the merger, ownership stakes included approximately 13% held by former Dr Pepper Snapple shareholders, around 13–14% by Mondelez International, with JAB Holdings maintaining majority control. The deal closed on July 9, 2018; Larry Young retired as CEO of Dr Pepper Snapple Group and joined Keurig Dr Pepper’s board of directors.
Products
- 7 Up (available only in the United States; rights owned by PepsiCo or licensees internationally)
- A&W Root Beer
- Aguafiel
- Bai Brands
- Big Red
- Cactus Cooler
- Canada Dry (North America; UK rights held by Schweppes/The Coca-Cola Company)
- Canfield's (Chicago metropolitan area)
- Clamato
- Crush
- Dejà Blue
- Diet Rite
- Dr Pepper (rights controlled by The Coca-Cola Company across much of Europe; by PepsiCo in Poland, Australia, New Zealand, Canada; by Spendrups in Sweden)
- Hawaiian Punch
- Hires
- IBC Root Beer
- Margaritaville
- Mistic
- Mott's
- Mr & Mrs T
- Nantucket Nectars
- Nehi
- Orangina (North America; owned by Suntory elsewhere)
- Peñafiel
- RC Cola
- ReaLemon
- ReaLime
- Rose's
- Schweppes
- Snapple
- Squirt
- Stewart's Fountain Classics
- Sun Drop
- Sunkist (manufactured under license)
- Tahitian Treat (Southeastern U.S.)
- Venom Energy
- Vernors
- Wink
- Yoo-hoo
External links
- Articles with short description
- Keurig Dr Pepper
- Formerly listed on the New York Stock Exchange
- Food and beverage companies founded in 2008
- American corporations established in 2008
- Beverage companies in the United States
- Companies headquartered in Plano, Texas
- Corporate spin-offs
- Texas-based food and drink companies
- Mergers and acquisitions of 2018
- 5
- Companies of the United States by year of establishment
- American companies established in 2008