Keurig Dr Pepper buys JDE Peet's for $18B, plans split into coffee and cold drink companies.

Keurig Dr Pepper is acquiring JDE Peet's for $18 billion and plans to split into two companies: one focused on coffee and the other on cold beverages like Dr Pepper and Snapple. The coffee company will have combined sales of about $16 billion, while the beverage company will have sales of around $11 billion. CEO Tim Cofer sees this as a strategic move to capitalize on growth in both sectors.