In this  Oct. 6, 2013, photo, Dr. Pepper are refrigerated, at the soldier field  in Chicago. Dr. Pepper reports quarterly earnings on Wednesday, Oct. 23, 2013. (AP Photo/Nam Y. Huh)

US staples Dr. Pepper, 7UP, Snapple, and K-Cup are now owned by the same European conglomerate

$18.7 billion

Keurig Green Mountain is buying the soda company that makes Dr. Pepper, 7UP, and Snapple for $18.7 billion.

Published   |  Photo by AP Photo/Nam Huh
In this  Oct. 6, 2013, photo, Dr. Pepper are refrigerated, at the soldier field  in Chicago. Dr. Pepper reports quarterly earnings on Wednesday, Oct. 23, 2013. (AP Photo/Nam Y. Huh)
$18.7 billion

Behind the deal is an ambitious move into the food and beverage sector by JAB, the conglomerate that controls Keurig Green Mountain and is owned by Germany’s billionaire Reimann family.

In this  Oct. 6, 2013, photo, Dr. Pepper are refrigerated, at the soldier field  in Chicago. Dr. Pepper reports quarterly earnings on Wednesday, Oct. 23, 2013. (AP Photo/Nam Y. Huh)
$18.7 billion

Over the past five years, JAB has acquired coffee companies Peet’s Coffee and Caribou Coffee, restaurant chains Krispy Kreme and Panera Bread, and tea firm Mighty Leaf.

In this  Oct. 6, 2013, photo, Dr. Pepper are refrigerated, at the soldier field  in Chicago. Dr. Pepper reports quarterly earnings on Wednesday, Oct. 23, 2013. (AP Photo/Nam Y. Huh)
$18.7 billion

The deal creates a beverage conglomerate with $11 billion in sales, according to CNBC. Shares for the owner of Dr. Pepper jumped 25% on Monday (Jan. 29) on the hopes that a rival bidder might emerge.

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