Keurig Dr Pepper optimistic about 2021 after posting strong 2020 full year results

US – Leading producer and distributor of hot and cold beverages Keurig Dr Pepper (KDP) is confident of a successful 2021 after it net sales jumped 4.5% to $11.62 billion in 2020. The company witnessed a strong finish to 2020, with its fourth-quarter net sales rising by 6.4% to US$3.12 billion, driven by market share gains across its portfolio and more households using the Keurig system. Operating income stood at US$2.48 billion for the full-year, compared to US$2.38 billion last year, representing a 4.3% increase driven by strong sales. In…

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Keurig introduces touch-free coffee brewing features even as Europe implements new regulations for vending machines

US – Keurig Commercial, the out-of-home coffee division of Keurig Dr Pepper, has introduced touch-free brewing features to its range of bean-to-cup coffee machines for workplaces. Developed in response to the Covid-19 pandemic, the Keurig Remote Brew app reportedly allows users to select and customise beverages from Keurig coffee machines using a smartphone, without touching the machines physically. To enable use of the Remote Brew App, Keurig Commercial customers can install a Bluetooth kit on their Eccellenza Touch and Eccellenza Momentum bean-to-cup brewers. Once the Bluetooth kit is installed, a…

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Mondelēz International offloads part of its stake at beverage company Keurig Dr Pepper

USA – Mondelēz International, a snacks company, has agreed to sell part of its stake in Keurig Dr Pepper, a producer and distributer of beverages, to a financial services firm for a total consideration of approximately US$362.7 million. The global snack and confectionery company became a minor stakeholder in Keurig Green Mountain in 2016 after it exchanged a portion of its ownership in Jacobs Douwe Egberts for a 24% stake. Following the merger between Keurig Green Mountain and Dr Pepper Snapple in 2018, Mondelēz’ existing stake translated into a 13-14%…

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Keurig Dr Pepper partners Nestlé USA for Starbucks K-Cup Pods in North America

USA – Keurig Dr Pepper (KDP) has entered into a long-term, strategic agreement with Nestlé USA to manufacture and distribute Starbucks branded packaged coffee in K-Cup pods in the U.S. and Canada. The new agreement with Nestlé, which acquired the rights in August 2018 to market and distribute Starbucks CPG and Foodservice products outside of Starbucks coffee shops globally, will replace the existing K-Cup pod agreement between KDP and Starbucks following a transition period.  Keurig Dr Pepper Chief Commercial Officer, Derek Hopkins commented, ” [This] announcement with Nestlé recognizes the…

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Keurig Dr Pepper acquires caffeinated sparkling water maker Limitless

USA – Keurig Dr Pepper has acquired Limitless, a Chicago-based caffeinated sparkling water maker and other coffee and tea products, for an undisclosed sum. Limitless was founded in 2016 by Matt Matros, who also founded the Protein Bar chain, and currently produces a range of zero calorie sparkling caffeinated waters. Limitless’ products are available in different flavours including Watermelon, Ginger Mint, Cucumber Pear, Blood Orange, Lemon Lime and Grapefruit Hibiscus and currently sold in Walmart, HyVee, Mariano’s and other grocery stores. KDP said that Limitless is a rapidly growing company adding…

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Coca-Cola, PepsiCo and Keurig Dr Pepper join forces on plastics recycling initiative

USA – Leading soft beverage companies, The Coca-Cola Company, PepsiCo and Keurig Dr Pepper have teamed up under a new plastic recycling initiative dubbed ‘Every Bottle Back’ that seeks to reduce plastic waste pollution. Spearheaded by the American Beverage Association (ABA), the firms will aim to improve the quality and availability of recycled plastic in key regions of the USA by directing the equivalent of US$400m to The Recycling Partnership and Closed Loop Partners. As part of the initiative, a US$100 million fund will be used to improve sorting, processing…

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McDonald’s partners with Keurig Dr Pepper for distribution of McCafé coffee in the US

USA – McDonald’s USA has entered into long-term master licensing and distribution agreement with Keurig Dr Pepper (KDP) for McCafé packaged coffee in the US. Under the new partnership, which brings together the national McCafé brand with Keurig Dr Pepper’s leadership in specialty coffee and tea, KDP will continue to be the exclusive manufacturer of McCafé K-Cup pods in the US. KDP will also take on responsibility for coffee sourcing, distribution and marketing of the McCafé brand in K-Cup pods and bagged and canned coffee formats in all classes of…

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Keurig Dr Pepper to invest US$220m in developing a new facility in Pennsylvania

USA – Keurig Dr Pepper (KDP) will be investing about US$220 million to build a new production and warehouse facility in Allentown, Pennsylvania. KDP, formed with the 2018 merger of Keurig Green Mountain and Dr. Pepper Snapple Group, said that the new ‘state-of-the-art’ facility will expand its production capacity for new and existing brands across all beverage categories. The new warehouse will also help the company to “optimize its logistics footprint in the North east” by providing ‘large-scale’ warehouse operations in the region. The investment is expected to create about…

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Keurig Dr Pepper to relocate Texas headquarters to a new facility in Frisco

USA – Leading soft drinks producer, Keurig Dr Peeper has said will move its Texas headquarters from Plano to a new, leased facility in Frisco, Texas, where it says will provide a vibrant, collaborative and connected workplace. The new headquarters, sitting on 350,000-square-foot site will be ready in 2021, serving as the company’s second headquarters to that in Burlington, Massachusetts in the US. Keurig occupied the Plano offices in 1998, which is a home to approximately 1,100 employees. “We are excited to upgrade our Texas co-headquarters location to support the…

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Keurig Dr Pepper to acquire CORE Nutrition LLC for US$525m

USA – Keurig Dr Pepper, an American beverage-maker conglomerate, has announced that it has entered into a definitive agreement to acquire CORE Nutrition LLC at a value of US$525 million, or approximately US$435 million net of anticipated tax benefits. Founded in 2015, the rapidly growing Core Nutrition portfolio includes CORE Hydration, a premium, nutrient-enhanced bottled water, and CORE Organic, USDA-certified organic enhanced fruit hydration, both currently distributed by KDP. According to the company, the acquisition of CORE Nutrition will be funded with KDP common stock, net of KDP’s current equity…

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