News In Brief

Coke buys Dr. Pepper distribution for $715 million

Melissa Kaplan Jun 7, 2010

In a much-anticipated acquisition deal, Coke is paying Dr Pepper Snapple Group Inc $715 million for the right to sell Dr. Pepper and other soft drinks once Coke acquires its biggest North American bottler. The deal includes drink distribution deals for Canada Dry, C’Plus and Schweppes, and a plan to include Dr. Pepper and Diet Dr. Pepper in its new Freestyle soda fountains, which offer customers over 100 drink flavor combinations.

Dr. Pepper was down in trading upon the news, as some investors were expecting more. Coke shares were flat.

The new deal is set to last for 20 years with options to renew. The acquisition is expected to be final by the end of the fourth quarter.

Dr. Pepper was invented in 1885 by Charles Aderton in Waco, Texas, a year before Dr. John S. Pemberton invented Coca-Cola in Atlanta, Ga.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.

Raise a glass to Marketplace!

Just $7/month gets you a limited edition KaiPA pint glass. Plus bragging rights that you support independent journalism.
Donate today to get yours!