Boxes of Keurig espresso Ok-Cup pods are seen on show at a Target retailer on September 10, 2024 within the Flatbush neighborhood of the Brooklyn borough in New York City.
Michael M. Santiago | Getty Images
Keurig Dr Pepper is near a roughly $18-billion deal to purchase Dutch espresso firm JDE Peet’s, the Wall Street Journal reported on Sunday, citing folks accustomed to the matter.
After combining, the businesses are planning to separate the beverage and occasional items, the report mentioned.
Reuters couldn’t instantly confirm the report. Keurig Dr Pepper and JDE Peet’s didn’t instantly reply to requests for remark.
JDE Peet’s, identified for its L’Or, Tassimo and Douwe Egberts manufacturers, has a market valuation of about $15 billion, whereas Keurig Dr Pepper is valued at almost $50 billion, in response to LSEG information.
JDE Peet’s lifted its annual forecasts final month after reporting consensus-beating half-year adjusted working earnings of 709 million euros ($831.09 million), because of gross sales progress that defied already-high espresso costs.
Last yr, Keurig Dr Pepper purchased a 60% stake in energy-drink maker Ghost for $990 million, planning to buy the remaining in 2028, to spruce up its refreshment drinks portfolio.