Keurig Buys Dr. Pepper Snapple, Creating Beverage Giant

PLANO, Texas (AP) — Keurig will buy Dr. Pepper Snapple Group, creating a beverage giant with about $11 billion in annual sales.
The companies, both the result of previous mergers, will bring under one tent global brands like Dr. Pepper, 7UP, Snapple, A&W, Mott’s, Sunkist and Keurig’s single-serve coffee makers.
The company is still vastly outsized by PepsiCo Inc. and Coca-Cola Co., which had sales in 2016 of $63 billion and $41 billion, respectively.
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