- Keurig Dr Pepper is acquiring bottled-water company Core.
- Keurig was acquired by JAB Holding in 2016 and merged with Dr Pepper earlier this year.
- JAB already owns Krispy Kreme, Au Bon Pain, Caribou Coffee, and Keurig.
The company that owns Krispy Kreme, Caribou Coffee, and Panera Bread just took control of a new beverage company.
On Thursday, Keurig Dr Pepper announced it had agreed to acquire Core Nutrition LLC in a deal that values the beverage company at $525 million.
The addition means yet another beverage brand is joining JAB Holding's already extensive portfolio.
JAB, the investment arm of the secretive Reimann family, acquired Krispy Kreme for roughly $1.35 billion in 2016. Since then, JAB has acquired brands including Panera, Au Bon Pain, and Pret A Manger.
Here's the story of the firm.
JAB acquired Peet's Coffee and Tea in 2012.
JAB Holding acquired Peet's back in 2012 for about $1 billion.
It then did a deal for Caribou Coffee.
JAB also runs Caribou Coffee Co., which it acquired in 2013 for $340 million. Caribou Coffee is based in Minnesota.
Next up was D.E Master Blenders 1753.
JAB struck a deal in 2013 to buy D.E. Master Blenders 1753, which had been spun out of Sara Lee Corp. a year earlier, for $9.8 billion.
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