Add-on Acquisition • Beverages

Keurig Dr Pepper Acquires CORE Nutrition

On September 27, 2018, Keurig Dr Pepper acquired beverage company CORE Nutrition for 525M USD

Acquisition Context
  • This is Keurig Dr Pepper’s 1st transaction in the Beverages sector.
  • This is Keurig Dr Pepper’s 2nd largest (disclosed) transaction.
  • This is Keurig Dr Pepper’s 1st transaction in the United States.
  • This is Keurig Dr Pepper’s 1st transaction in California.

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M&A Deal Summary

Date September 27, 2018
Target CORE Nutrition
Sector Beverages
Buyer(s) Keurig Dr Pepper
Deal Type Add-on Acquisition
Deal Value 525M USD

Target Company

CORE Nutrition

El Segundo, California, United States
CORE Nutrition LLC is a premium, nutrient-enhanced bottled water, and CORE® Organic, USDA-certified organic enhanced fruit hydration. CORE Nutrition LLC is ultra-purified using our proprietary process that removes any harmful impurities and contaminants, then we add the perfect blend of trace minerals that complement the levels that naturally occur in your body, resulting in an electrolyte enhanced, high performance water, that's slightly alkaline, just like you, to help you achieve your bodies natural pH balance. Be True To Your CORE.
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Buyer Overview 1

Buyer

Keurig Dr Pepper

Burlington, Massachusetts, United States

Category Company
Founded 1981
Sector Beverages
Employees29,000
Revenue 15.4B USD (2024)
DESCRIPTION

Keurig Dr Pepper is a coffee and beverage company in North America. KDP holds leadership positions in soft drinks, specialty coffee and tea, water, juice and juice drinks and mixers, and markets the #1 single-serve coffee brewing system in the U.S. The Company maintains an unrivaled distribution system that enables its portfolio of more than 125 owned, licensed and partner brands to be available nearly everywhere people shop and consume beverages. With a wide range of hot and cold beverages that meet virtually any consumer need, KDP key brands include Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott’s® and The Original Donut Shop®. Keurig Dr Pepper was founded in 1981 and is based in Burlington, Massachusetts.


Deal Context for Buyer #
Overall 1 of 8
Sector: Beverages 1 of 5
Type: Add-on Acquisition 1 of 6
State: California 1 of 1
Country: United States 1 of 6
Year: 2018 1 of 1
Size (of disclosed) 2 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-24 The Made-Rite Co.

Longview, Texas, United States

The Made-Rite Co. is a manufacturer of beverages under Dr Pepper, Seven Up, RC, A&W, Big Red, Sunkist, Nehi, Hawaiian Punch, Squirt, Canada Dry, Yoo-hoo, Snapple, and Deja Blue brands based in Longview, Texas.

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