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Dr Pepper/Seven Up

Soft-drink manufacturing company

Field	Value
name	Dr Pepper/Seven Up, Inc.
logo	Dr Pepper-Seven Up, Inc. 1997.svg
logo_size	150
logo_caption	Logo used from 1997 to 2006
traded_as
fate	Acquired then divested
predecessor	Dr Pepper, Incorporated and The [7 Up](7-up) Company
successor	Dr Pepper Snapple Group (2006–2018) and Keurig Dr Pepper (2018–present)
foundation
defunct	(as a company)
location	Plano, Texas
industry	Beverages
products	Beverages (non-alcoholic)

Dr Pepper/Seven Up, Inc. (DPSU, or Dr Pepper 7UP, Inc.) is a soft-drink manufacturing company based in Plano, Texas. It was created by the merger of Dr Pepper, Inc. and The 7 Up Company on May 19, 1986. The merger was a result of the independent bailouts of both companies and the subsequent Federal Trade Commission blockage of a Dr Pepper merger with Coca-Cola. The DPSU merger resulted in the breakup of international branding rights held by the two independent companies.

Dr Pepper/Seven Up, Inc. was purchased by Cadbury Schweppes plc and the Carlyle Group on March 2, 1995, after the conglomerate became debt-ridden and insolvent. It sold for about US$1.7 billion, plus about US$870 million of Dr Pepper/Seven-Up debt. This made Cadbury Schweppes the largest soft drink company in the world not to be named after a cola beverage.

In early 2006, Cadbury Schweppes purchased the remainder of Dr Pepper/Seven Up, Inc. and Dr Pepper/Seven Up Bottling Group from The Carlyle Group. All Dr Pepper/Seven Up, Inc. assets were absorbed into Cadbury Schweppes Americas Beverages, which included Mott's Beverages and Snapple Beverages. Dr Pepper/Seven Up Bottling Group was merged with other Cadbury-acquired bottlers and renamed Cadbury Schweppes Bottling Group.

In May 2008, Cadbury Schweppes spun off Cadbury Schweppes Americas Beverages into an independent company called the Dr Pepper Snapple Group, and renamed itself to Cadbury plc. Dr Pepper/Seven Up still exists as a trademark and brand name as of 2024.

On July 9, 2018, Keurig acquired the Dr Pepper Snapple Group in an $18.7 billion deal. The combined company was renamed "Keurig Dr Pepper" and began trading publicly again on the New York Stock Exchange under the ticker "KDP". Shareholders of Dr Pepper Snapple Group own 13% of the combined company, with Keurig shareholder and Cadbury current owner Mondelez International owning 13% to 14% of that fraction. JAB Holdings owns the remaining, majority, stake.

On September 21st 2020, Keurig Dr Pepper started trading on NASDAQ as NASDAQ: KDP

References

"[http://www.canadadry.com/textOnly/faq.aspx FAQ]." [[Canada Dry]]. Retrieved on June 25, 2009. {{Webarchive. link. (April 16, 2009)
[https://www.nytimes.com/1988/03/01/business/company-news-merger-of-7-up-and-dr-pepper.html NY Times]. Retrieved on June 4, 2015.
[https://www.ftc.gov/news-events/press-releases/1995/05/coca-cola-company FTC Archive]. Retrieved on June 4, 2015.
[http://www.cadburyinvestors.com/cadbury_ir/shareholder_services/demerger/ Cadbury plc Demerger]. Retrieved on December 29, 2009. {{Webarchive. link. (December 13, 2009)
"Dr Pepper".
(29 January 2018). "Factbox: JAB's empire expands in soda with Dr Pepper Snapple deal".
(3 July 2018). "Dr Pepper & Keurig Merger Nears Completion, Forms Board". Zacks Equity Research.

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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