NEW YORK, April 21 (Reuters) - Beverage company Keurig
Dr Pepper ( KDP ) and Nestlé USA said on Monday they have
expanded a partnership that includes manufacturing and
distribution of Starbucks ( SBUX )-branded coffee products in the United
States and Canada.
The agreement extends a deal first struck in 2020 to produce
and sell Starbucks ( SBUX )-branded packaged coffee (K-Cup pods) in the
U.S. and Canada. The companies plan to boost distribution within
the Keurig brewing system, the machines for single-serve coffee
that are present in households and businesses in the region.
Nestlé, which acquired the rights in August 2018 to
market and distribute Starbucks ( SBUX ) products globally
outside of the chain's coffee shops, handles the retail channel
distribution.
The arabica coffee beans are sourced and roasted by
Starbucks ( SBUX ).
Financial terms of the renewed agreement were not disclosed.
Keurig announced last year an $18 billion takeover of coffee
rival JDE Peet's.