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.
Are Dr Pepper and Coke owned by the same company?
Currently, the majority of Pepsi and Coke bottlers bottling Dr Pepper are owned by PepsiCo and The Coca-Cola Company after their buyouts of their major bottlers. Presently, Dr Pepper Snapple relies on its own bottling group to bottle and distribute its products in more than 30 states.
What company owns Dr Pepper soda?
In 2008, Dr Pepper Snapple Group, Inc., the parent company of Dr Pepper and Dr Pepper/Seven Up, Inc., was established following the spinoff of Cadbury Schweppes Americas Beverages (CSAB) from Cadbury Schweppes plc.