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Keurig Dr Pepper is splitting into two separate companies after an $18 billion acquisition of Peet's Coffee. One company will focus on coffee, including brands like Peet's and JDE Peet's, aiming for $16 billion in annual sales and global expansion. The other will concentrate on beverages like Dr Pepper and Snapple, capitalizing on the growth of energy drinks. This restructuring aims to enhance growth and agility in each market. The split, expected to conclude in early 2026, is predicted to save $400 million over three years.

Prepared by Christopher Adams and reviewed by editorial team.