Dr Pepper Snapple Group

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Dr Pepper Snapple Group
Company type Subsidiary
Industry Beverage
Predecessor Dr Pepper/Seven Up
FoundedOctober 7, 2008;16 years ago (2008-10-07)
DefunctJuly 9, 2018;6 years ago (2018-07-09)
FateAcquired by Keurig Dr Pepper
Successor Keurig Dr Pepper
Headquarters Plano, Texas, U.S.
Area served
 Worldwide
Key people
Robert Gamgort (CEO of Keurig Dr Pepper)
Products Dr Pepper
Snapple
RC Cola
A&W
7 Up
Schweppes
Sunkist
Canada Dry
Big Red
Mott's
Vernors
Hawaiian Punch
Nehi
Squirt
Other beverages
Revenue14,057,000,000 United States dollar (2022)  OOjs UI icon edit-ltr-progressive.svg
2,605,000,000 United States dollar (2022)  OOjs UI icon edit-ltr-progressive.svg
1,436,000,000 United States dollar (2022)  OOjs UI icon edit-ltr-progressive.svg
Number of employees
21,000 [1]  (2017)
Parent Keurig Dr Pepper
Subsidiaries The American Bottling Company
Bai Brands
Big Red, Inc
Canada Dry Motts
Grupo Peñafiel [2]

Dr Pepper Snapple Group was an American multinational soft drink company based in Plano, Texas. Since July 2018, it is a business unit of the publicly-traded conglomerate Keurig Dr Pepper.

Contents

Formerly Cadbury Schweppes Americas Beverages, part of Cadbury Schweppes, on May 5, 2008, it was spun off from Cadbury Schweppes as Dr Pepper Snapple Group, with the remainder of Cadbury Schweppes becoming Cadbury, a confectionery group. Trading of Dr Pepper Snapple Group's shares commenced on May 7, 2008, on the NYSE as "DPS." [3] [4]

On July 9, 2018, Keurig Green Mountain acquired Dr Pepper Snapple Group, and became Keurig Dr Pepper; the following day, the merged company began trading anew on the NYSE as "KDP." [5] [6] [7]

History

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] That October, Cadbury Schweppes purchased Royal Crown Cola from Triarc. [10]

In 2006 and 2007, Cadbury Schweppes 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. Some of the Dr Pepper/Seven Up brands are still licensed to Pepsi, Coca-Cola, and independent bottlers in various regions of the United States and Canada.[ citation needed ]

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.

Dr Pepper Snapple Group holds naming rights to the Dallas Stars' practice facility, the Dr Pepper Arena, which is located in Frisco, Texas. It also retains non-alcoholic beverage rights to each facility's concessions as a result of the deals as well as sponsorships with the NHL franchise.

In 2008, Dr Pepper Snapple Group purchased a minority interest in Big Red, Inc, makers of Big Red, NuGrape, Nesbitt's, and other flavored drinks. [11]

In 2014, the company announced that it accomplished its goal of reducing use of polyethylene terephthalate (PET) in its plastic bottles. 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]

On January 29, 2018, Keurig Green Mountain announced it was acquiring the Dr Pepper Snapple Group in an $18.7 billion deal. [14] 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 owning 13–14%, and JAB Holdings owning the remaining majority stake. [5] The buyout and merger was closed on July 9, 2018. [6] Larry Young, President and CEO of the Dr Pepper Snapple Group, retired those positions and joined the board of directors of Keurig Dr Pepper. [15]

Products

[16]

Related Research Articles

7 Up or Seven Up is an American brand of lemon-lime–flavored non-caffeinated soft drink. The brand and formula are owned by Keurig Dr Pepper, although the beverage is internationally distributed by PepsiCo except the UK where it is distributed by Britvic, PepsiCo's designated UK distributor.

<span class="mw-page-title-main">RC Cola</span> Cola-flavored soft drink

RC Cola is a cola-flavored carbonated beverage owned in the United States by Keurig Dr Pepper and internationally by RC Global Beverages, Inc.

Yoo-hoo is an American brand of chocolate-flavored beverage that was created by Natale Olivieri in Garfield, New Jersey, in 1928 and is currently manufactured by Keurig Dr Pepper. As of 2019, the drink is primarily made from water, high-fructose corn syrup and whey.

<span class="mw-page-title-main">Orangina</span> Carbonated citrus beverage

Orangina is a lightly carbonated beverage made from carbonated water, 12% citrus juice, as well as 2% orange pulp. Orangina is sweetened with sugar or high fructose corn syrup and in some markets with artificial sweetener. Natural flavours are also added.

Stewart's Fountain Classics is an American brand of premium soft drinks. Stewart's are nostalgic "old fashioned" fountain sodas, having originated at the Stewart's Restaurants, a chain of root beer stands started in 1924 by Frank Stewart in Mansfield, Ohio. In 1990, the bottling rights to Stewart's were acquired by the Cable Car Beverage Corporation. Cream Soda and Ginger Beer flavors were introduced in 1992. Other flavors have been added since then. In November 1997 Cable Car Beverage Corporation was purchased by Triarc. Cadbury Schweppes PLC acquired the Stewart's brands in 2000 along with Snapple and Mistic Brands for $1.45 billion.

<span class="mw-page-title-main">Crush (drink)</span> Line of fruit flavored carbonated beverages

Crush is a brand of carbonated soft drinks owned and marketed internationally by Keurig Dr Pepper, originally created as an orange soda, Orange Crush. Crush competes with Coca-Cola's Fanta. It was created in 1911 by beverage and extract chemist Neil C. Ward. Most flavors of Crush are caffeine-free.

Dr Pepper/Seven Up, Inc. was a soft-drink manufacturing company based in Plano, Texas. It was created by the merger of Dr Pepper, Inc. and The 7 Up Company on May 19, 1986. The merger was a result of the independent bailouts of both companies and the subsequent Federal Trade Commission blockage of a Dr Pepper merger with Coca-Cola. The DPSU merger resulted in the breakup of international branding rights held by the two independent companies.

<span class="mw-page-title-main">Schweppes</span> Soft drink brand used by companies such as Coca-Cola, Suntory, etc

Schweppes is a soft drink brand founded in the Republic of Geneva in 1783 by Johann Jacob Schweppe; it is now made, bottled, and distributed worldwide by multiple international conglomerates, depending on licensing and region, that manufacture and sell soft drinks. Schweppes was one of the earliest forms of a soft drink, originally being regular soda water created in 1783. Today, various drinks other than soda water bear the Schweppes brand name, including various types of lemonade and ginger ales.

<span class="mw-page-title-main">Snapple</span> Brand of tea and juice drinks

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. The brand achieved some fame due to various pop-culture references, including television shows.

<span class="mw-page-title-main">Sussex Golden Ginger Ale</span> Beverage

Sussex Golden Ginger Ale is a "golden" ginger ale originally bottled in the town of Sussex, New Brunswick, Canada. It is produced by Canada Dry Motts, a subsidiary of Keurig Dr Pepper. The beverage is retailed in Canada's Maritime Provinces and northern areas in the state of Maine.

<span class="mw-page-title-main">Hires Root Beer</span> Root beer flavored soft drink

Hires Root Beer is an American brand of root beer that was manufactured by Keurig Dr Pepper. Introduced in 1876, it was one of the longest continuously made soft drinks in the United States.

<span class="mw-page-title-main">Squirt (drink)</span> Grapefruit soft drink

Squirt is a caffeine-free, grapefruit-flavored, carbonated soft drink, created in 1938 in Phoenix, Arizona. Squirt competes primarily against The Coca-Cola Company's Fresca.

<span class="mw-page-title-main">Sun Drop</span> Soft drink

Sun Drop is a citrus-flavored soft drink produced by Keurig Dr Pepper with a yellowish-green color. Among soft drinks, it is known for its high caffeine content. Orange juice concentrate is an ingredient in the drink. Bottled Sun Drop uses real sugar cane, which contains some "pulp" giving Sun Drop its distinct flavor and appearance. Sun Drop competes primarily against the Coca-Cola Company's Mello Yello and PepsiCo's Mountain Dew.

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, Keurig Dr Pepper offers over 125 hot and cold beverages. The company's Canadian business unit subsidiary operates as Keurig Dr Pepper Canada.

Kick was a citrus-flavored soft drink product by Royal Crown Company, Inc. introduced to the market in 1965.

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. It is analogous to the bottling companies Pepsi Beverages Company and Coca-Cola Enterprises, the bottlers of its main competitors.

<span class="mw-page-title-main">Dr Pepper</span> Carbonated soft drink

Dr Pepper is a carbonated soft drink. Dr. Pepper was created in the 1880s by the American pharmacist Charles Alderton in Waco, Texas, and was first nationally marketed in the United States in 1904. It is manufactured by Keurig Dr Pepper in the United States and Canada, by The Coca-Cola Company in the United Kingdom, Japan, and South Korea, and by PepsiCo in Europe. Variants include Diet Dr Pepper and, beginning in the 2000s, a line of additional flavors.

<span class="mw-page-title-main">The Wendy's Company</span> American multinational restaurant holding company

The Wendy's Company is an American fast food corporation and the holding company for Wendy's and First Kitchen. Originally founded as the Deisel-Wemmer Company, it is sourced in Dublin, Ohio. The company's principal subsidiary, Wendy's International, is the franchisor of Wendy's restaurants.

<span class="mw-page-title-main">Sunkist (soft drink)</span> Line of fruit-flavored carbonated beverages

Sunkist is a brand of primarily orange-flavored soft drinks that launched in 1979. Sunkist primarily competes with The Coca-Cola Company's Fanta brand and Keurig Dr Pepper's Orange Crush brand.

<span class="mw-page-title-main">50/50 (soft drink)</span> American grapefruit-lime soft drink

50/50 was a grapefruit- and lime-flavored soft drink produced in the United States. 50/50 was primarily sold in the Midwest, including southern Wisconsin and the Chicagoland area. It was one of the Canfield company's more popular soft drink flavors.

References

  1. ↑ "Dr Pepper Snapple Group". Fortune. Archived from the original on December 25, 2018. Retrieved December 24, 2018.
  2. ↑ "Stock Market Insights | Seeking Alpha".
  3. ↑ "Cadbury starts solo against bid background". Reuters. May 2, 2008. Archived from the original on May 11, 2008. Retrieved May 3, 2008.
  4. ↑ Cadbury plc Demerger. Archived September 6, 2010.
  5. 1 2 "Factbox: JAB's empire expands in soda with Dr Pepper Snapple deal". Reuters. January 29, 2018.
  6. 1 2 "Dr Pepper & Keurig Merger Nears Completion, Forms Board". MSN Money. Zacks Equity Research. July 3, 2018. Retrieved July 3, 2018.
  7. ↑ "Keurig Dr Pepper Announces Successful Completion of the Merger between Keurig Green Mountain and Dr Pepper Snapple Group" . Retrieved July 9, 2018.
  8. ↑ "Cadbury Announces Deal". Beverage Digest (February 23, 1998 (Special Edition)): 1. February 1999. Archived from the original on December 4, 2008. Retrieved July 17, 2008.
  9. ↑ Holson, Laura M. (September 18, 2000). "Cadbury to Pay $1.45 Billion For Snapple". New York Times. Retrieved June 18, 2008.
  10. ↑ "Royal Crown Cola Company". New Georgia Encyclopedia. September 15, 2006. Archived from the original on October 12, 2012. Retrieved June 18, 2008.
  11. ↑ "Dr Pepper Snapple Group Takes Minority Stake in Big Red, Inc" (Press release). August 25, 2008. Archived from the original on October 9, 2011. Retrieved September 15, 2012.
  12. ↑ Johnson, Jim (August 15, 2014). "Sustainability report shows impact of lightweighting at Dr Pepper". Plastics News. Crain Communications Inc. Retrieved December 22, 2014.
  13. ↑ "Dr Pepper Snapple to buy antioxidant drinks maker Bai for $1.7 billion" (Press release). November 22, 2016. Retrieved November 22, 2016.
  14. ↑ Keurig Green Mountain Plans to Buy Dr Pepper Snapple The New York Times January 29, 2018
  15. ↑ "Keurig parent completes merger with Plano's Dr Pepper". July 9, 2018. Retrieved August 2, 2018.
  16. ↑ Dr Pepper Snapple Group, Retrieved September 15, 2012.
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