 | |
| Company type | Subsidiary |
|---|---|
| NYSE: DPS | |
| Industry | Beverage |
| Predecessor | Dr Pepper/Seven Up |
| Founded | October 7, 2008; 17 years ago (2008-10-07) |
| Defunct | July 9, 2018; 7 years ago (2018-07-09) |
| Fate | Acquired by Keurig Dr Pepper |
| Successor | Keurig Dr Pepper |
| Headquarters | Plano,Texas, U.S. |
Area served | Worldwide |
Key people | Robert Gamgort (CEO ofKeurig 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 |
| Revenue | 14,057,000,000 United States dollar (2022)  |
| 2,605,000,000 United States dollar (2022) | |
| 1,436,000,000 United States dollar (2022) | |
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 multinationalsoft drink company based inPlano, Texas. Since July 2018, it is abusiness unit of the publicly traded conglomerateKeurig Dr Pepper.
FormerlyCadbury Schweppes Americas Beverages, part ofCadbury Schweppes, on May 5, 2008, it was spun off from Cadbury Schweppes as Dr Pepper Snapple Group, with the remainder of Cadbury Schweppes becomingCadbury, a confectionery group. Trading of Dr Pepper Snapple Group's shares commenced on May 7, 2008, on theNYSE as "DPS."[3][4]
On July 9, 2018,Keurig Green Mountain acquired Dr Pepper Snapple Group, and becameKeurig Dr Pepper; the following day, the merged company began trading anew on the NYSE as "KDP."[5][6][7]
Cadbury Schweppes purchasedDr Pepper/Seven Up in 1995. Beverage America and Select Beverages bottlers were purchased from theCarlyle Group in February 1998.[8]Snapple, Mistic, andStewart's (formerly Cable Car Beverage) were sold byTriarc Companies, Inc. toCadbury Schweppes in 2000 for $1.45 billion.[9] That October, Cadbury Schweppes purchasedRoyal Crown Cola from Triarc.[10]
In 2006 and 2007, Cadbury Schweppes purchased theDr 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 Schweppesdemerged its beverage holdings forming the Dr Pepper Snapple Group.
Dr Pepper Snapple Group holds naming rights to theDallas Stars' practice facility, theDr Pepper Arena, which is located inFrisco, 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 ofBig Red,NuGrape,Nesbitt's, and other flavored drinks.[11]
In 2014, the company announced that it accomplished its goal of reducing use ofpolyethylene terephthalate (PET) in itsplastic 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 ofBai 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 namedKeurig Dr Pepper and would trade publicly on theNew York Stock Exchange. Shareholders of Dr Pepper Snapple Group would own 13% of the combined company, while Keurig shareholder and Cadbury current ownerMondelez 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]
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