Keurig Dr Pepper has successfully completed the merger between Keurig Green Mountain and Dr Pepper Snapple Group.
The transaction creates the seventh-largest company in the U.S. food and beverage sector and third-largest beverage company in North America, with annual revenues of approximately $11 billion, the company said.
“With a large stable of iconic brands and the leading single-serve coffee brewing system on the market, KDP has the ability to satisfy any beverage need or consumption occasion— hot or cold, at work or at play, at home or on the go— and the capability to get our brands to consumers virtually anytime and anywhere they purchase beverages,” said Bob Gamgort, CEO of Keurig Dr Pepper.
Shares in Keurig Dr Pepper are trading on the New York Stock Exchange under the ticker symbol KDP. The company will maintain dual headquarters in Burlington, MA, and Plano, TX.
In late June, the company set its executive leadership team.