Aug 24 (Reuters) - Keurig Dr Pepper ( KDP ) is close to
a roughly $18-billion deal to buy Dutch coffee company JDE
Peet's, the Wall Street Journal reported on Sunday,
citing people familiar with the matter.
After combining, the companies are planning to separate the
beverage and coffee units, the report said.
Reuters could not immediately verify the report. Keurig Dr
Pepper ( KDP ) and JDE Peet's did not immediately respond to requests
for comment.
JDE Peet's, known for its L'Or, Tassimo and Douwe Egberts
brands, has a market valuation of about $15 billion, while
Keurig Dr Pepper ( KDP ) is valued at nearly $50 billion, according to
LSEG data.
JDE Peet's lifted its annual forecasts last month after
reporting consensus-beating half-year adjusted operating
earnings of 709 million euros ($831.09 million), thanks to sales
growth that defied already-high coffee prices.
Last year, Keurig Dr Pepper ( KDP ) bought a 60% stake in
energy-drink maker Ghost for $990 million, planning to purchase
the rest in 2028, to spruce up its refreshment beverages
portfolio.
($1 = 0.8531 euros)