Madeleine Hull
Dr Pepper is a unique-tasting soft drink with a claimed blend of 23 flavours. It was formulated by pharmacist Charles Alderton in the 1880s in Waco, Texas, and was first nationally marketed in the United States in 1904. But who owns the company? Well, it's complicated. Dr Pepper is owned and sold by the Keurig Dr Pepper company, which was formed in 2018 from Keurig and Dr Pepper Snapple Inc. However, the JAB Holding Company owns Keurig Dr Pepper, and it is a German conglomerate, headquartered in Luxembourg.
| Characteristics | Values |
|---|---|
| Owner of Diet Dr Pepper | Keurig Dr Pepper |
| Date of acquisition | July 9, 2018 |
| Acquisition cost | $18.7 billion |
| Previous owner | Dr Pepper Snapple Group |
| Current CEO | Timothy Cofer |
| Market cap/net worth (as of June 3, 2024) | $46.62 billion |
| Market cap increase (since May 7, 2008) | 620.22% |
| Market share of soda in the US (2024) | 8.3% |
| Ranking in the US soda market | Second highest-selling |
Explore related products
What You'll Learn
Keurig Dr Pepper owns the brand
Keurig Dr Pepper is the third-largest carbonated soft drink company in the US, as of 2020. Its brands include 7UP, Snapple, A&W, Motts, and Sunkist, as well as the leading coffee brand Green Mountain Coffee Roasters.
Dr Pepper was created in the 1880s by the American pharmacist Charles Alderton in Waco, Texas. It was first nationally marketed in the US in 1904. Dr Pepper is the second highest-selling carbonated soft drink in the US, and the sixth highest-selling in the UK. It is manufactured by Keurig Dr Pepper in the US and Canada, by The Coca-Cola Company in the UK, Japan, and South Korea, and by PepsiCo in Europe.
The drink has a unique 23-flavour taste and is known for its peppery flavour, which sets it apart from other colas. Its popularity has been growing, and it has been gaining ground on Coca-Cola and Pepsi in the US market.
Preparing Natural Dog Food: A Healthy Diet for Your Pup
You may want to see also
Explore related products
The company was formed in 2018
Keurig Dr Pepper is a publicly traded conglomerate that owns and sells the brand Dr Pepper, including Diet Dr Pepper. The company is the third-largest carbonated soft drink company in the US as of 2020. It is based in Plano, Texas, and relies on its own bottling group to bottle and distribute its products in over 30 US states and Canada.
Keurig Dr Pepper was formed from the merger of Keurig and Dr Pepper Snapple Group. Dr Pepper Snapple Group was an American multinational soft drink company that was spun off from Cadbury Schweppes in 2008. It held naming rights to the Dallas Stars' practice facility, the Dr Pepper Arena, and retained non-alcoholic beverage rights to each facility's concessions as a result of sponsorship deals.
Keurig, meanwhile, is owned by the JAB Holding Company, a German conglomerate headquartered in Luxembourg. JAB Holdings owns the majority stake in Keurig Dr Pepper, while shareholders of Dr Pepper Snapple Group own 13% of the combined company, and Keurig shareholder and Cadbury current owner Mondelez International owns 13-14%.
Fluid Ounces in 2L Diet Pepsi: Conversion and Facts
You may want to see also
Explore related products
Cadbury Schweppes previously owned it
Cadbury Schweppes previously owned Diet Dr Pepper. In 1995, Cadbury Schweppes acquired Dr Pepper/Seven Up. In 2006 and 2007, the company purchased the Dr Pepper/Seven Up Bottling Group, along with several other regional bottlers. This allowed DPS to bottle many of its own beverages and combat the recent decision by many Pepsi and Coca-Cola bottlers who had dropped their Dr Pepper and Snapple products to promote new product additions from Pepsi and Coca-Cola.
In November 2007, Cadbury Schweppes announced it would take the beverages unit public. On May 5, 2008, Cadbury Schweppes demerged its beverage holdings, forming the Dr Pepper Snapple Group. The remainder of Cadbury Schweppes became Cadbury, a confectionery group.
In Poland, Cadbury-Schweppes licensed distribution rights to PepsiCo, but currently distributes the product through Orangina Schweppes. In Mexico, Germany, Sweden, the Netherlands, Slovakia, Austria, the Czech Republic, Belgium, and Norway, Cadbury-Schweppes owns the trademark and distributes the product.
On January 29, 2018, Keurig Green Mountain announced it was acquiring the Dr Pepper Snapple Group in an 18.7 billion dollar deal. The combined company would be named Keurig Dr Pepper and would trade publicly on the New York Stock Exchange. Shareholders of Dr Pepper Snapple Group would own 13% of the combined company, while Keurig shareholder and Cadbury current owner Mondelez International would own 13–14%, and JAB Holdings would own the remaining majority stake. The buyout and merger were closed on July 9, 2018.
Lipton Green Tea: Ingredients Change and Diet Impact
You may want to see also
Explore related products
It's the third-largest US soft drink company
Dr Pepper is owned and sold by the Keurig Dr Pepper company. The Keurig Dr Pepper company has owned the brand since 2018, when Keurig Green Mountain acquired the Dr Pepper Snapple Group in an $18.7 billion deal. The combined company became Keurig Dr Pepper and began trading publicly on the New York Stock Exchange.
Keurig Dr Pepper is a publicly traded company formed in 2018 from the merger of Keurig and Dr Pepper Snapple Inc. It is the third-largest carbonated soft drink company in the US as of 2020. It is a business unit of the publicly-traded conglomerate Keurig Dr Pepper.
Keurig Dr Pepper relies on its own bottling group to bottle and distribute its products in more than 30 US states and Canada. However, in some regions of the US and Canada, some Dr Pepper/Seven Up brands are still licensed to Pepsi, Coca-Cola, and independent bottlers.
Dr Pepper has been gaining in popularity, leaning into its identity as a spicy alternative to cola. It has a unique 23-flavour taste and has been growing in popularity, taking advantage of broader trends. It has a devoted following in the American South.
The JAB Holding Company owns Keurig Dr Pepper, which is a German conglomerate, headquartered in Luxembourg.
Minimizing Fructose Intake: A Guide to a Healthier Diet
You may want to see also
Explore related products
JAB Holding Company owns Keurig Dr Pepper
The JAB Holding Company owns Keurig Dr Pepper, a German conglomerate headquartered in Luxembourg. Keurig Dr Pepper is a publicly traded company formed in 2018 from the merger of Keurig and Dr Pepper Snapple Inc. The company is the third-largest carbonated soft drink manufacturer in the US as of 2020.
Keurig Dr Pepper was formed when Keurig Green Mountain acquired the Dr Pepper Snapple Group in a deal worth $18.7 billion. The deal was announced on January 29, 2018, and closed on July 9, 2018. The combined company, Keurig Dr Pepper, began trading on the New York Stock Exchange the following day.
Shareholders of Dr Pepper Snapple Group own 13% of the combined company, while Keurig shareholder and Cadbury current owner Mondelez International owns 13-14%. JAB Holdings owns the remaining majority stake.
Keurig Dr Pepper owns the brand Dr Pepper, which was created in the 1880s by American pharmacist Charles Alderton in Waco, Texas. It was first nationally marketed in the US in 1904 and is now the second highest-selling carbonated soft drink in the country. Dr Pepper has a unique blend of 23 flavors and has gained popularity as a spicy alternative to cola.
Calorie Counting for Men: A Dietary Guide
You may want to see also
Frequently asked questions
Diet Dr Pepper is owned by Keurig Dr Pepper, a publicly traded company formed in 2018 from Keurig and Dr Pepper Snapple Inc.
Keurig Dr Pepper is owned by the JAB Holding Company, a German conglomerate headquartered in Luxembourg.
Keurig Dr Pepper also owns 7UP, Snapple, A&W, Motts, and Sunkist.
