JAB buys Keurig for $13.9bn in massive consolidation bid
JAB Holding announced the acquisition of domestic beverage system manufacturer Keurig Green Mountain yesterday, creating one of the biggest players in the international hot beverage industry. The company thereby secures the leading position in US single-serve coffee market, the industry's fastest-growing segment, with an eye on maximizing economies of scale and brand synergies. JAB Holding has now spent more than $30 billion in the past four years acquiring major coffee brands such as DE Master Blenders, Jacobs, Caribou Coffee and PeetÂ’s Coffee & Tea, as well as specialty tea manufacturer Mighty Leaf. The $13.9 billion deal is a cash transaction with a payout of $92 per share, which is 78% above Keurig's closing stock price on Friday.