Which two (2) beverage companies merged in 2018 to become the third-largest beverage company in North America?

Keurig Dr Pepper is a leading beverage company in North America and the first to bring hot and cold beverages together at scale.

Formed in July 2018, Keurig Green Mountain acquired Dr Pepper Snapple Group in a deal worth $18.7 billion. With the merger of Keurig Green Mountain and Dr Pepper Snapple Group, Keurig Dr Pepper had an annual revenue (2021) in excess of $11 billion and nearly 27,000 employees.

Their wide range of 125+ hot and cold beverages are designed to satisfy virtually many consumer needs, at any time, while their powerful sales and distribution network enables them to deliver their portfolio to nearly every point of purchase for consumers.

Legally, Dr Pepper Snapple Group as the surviving company remained publicly traded and changed its name to Keurig Dr Pepper. This created the third-largest beverage company in North America. On July 10, 2018 shares in Keurig Dr Pepper (KDP) began trading on the New York Stock Exchange.

Keurig Dr Pepper (KDP) stock switched to the National Association of Securities Dealers Automated Quotations (NASDAQ) in 2020. In March 2022, Dr Pepper Snapple Group continues to operate as a business unit under the Keurig Dr Pepper parent company.