Keurig Dr Pepper Acquires Majority Stake in GHOST for $1.65B

Keurig Dr Pepper Acquires Dyla Brands

July 24, 2025

Consumer Products

Keurig Dr Pepper (KDP) has acquired full ownership of Dyla Brands, a maker of powdered drink mixes and liquid water enhancers (including the STUR brand). KDP previously held a minority stake since 2017 and says the acquisition expands its functional hydration and drink-mix capabilities while preserving Dyla's third-party brand partnerships.

Keurig Dr Pepper Acquires DSD Territory Rights in East Texas and Northern Louisiana

November 24, 2020

Food & Beverage

Keurig Dr Pepper agreed to acquire the manufacturing, sales and direct-store-delivery (DSD) distribution rights to key KDP-owned and licensed brands across 37 counties in east Texas and northern Louisiana from The Red River Beverage Group and The Made‑Rite Company. The move brings brands such as Canada Dry, A&W, 7UP, Sunkist, Snapple, CORE and Bai into KDP’s company-owned DSD operations beginning February 2021; terms were not disclosed.

Keurig Dr Pepper Invests in Nutrabolt; MidOcean Partners Exits

December 8, 2022

Food & Beverage

Keurig Dr Pepper entered a strategic partnership with Nutrabolt, acquiring a minority equity stake (reported ~30%, ~$863M) and agreeing a long-term sales and distribution arrangement. The transaction coincides with MidOcean Partners' exit of its investment in Nutrabolt, the owner of brands including C4 Energy, Cellucor and XTEND.

Gryphon Investors Acquires Majority Stake in Spindrift Beverage Co.

January 14, 2025

Food & Beverage

Gryphon Investors will acquire a majority stake in Spindrift Beverage Co., a Newton, Massachusetts-based maker of sparkling water and other fruit-based beverages, with founder Bill Creelman and the management team retaining a significant equity stake. The investment coincides with the appointment of Dave Burwick as CEO and is intended to provide financial and operational resources to accelerate the brand's growth; the deal is expected to close in Q1 2025 (terms not disclosed).

JAB Acquires Mondelez's Stake in JDE Peet's and Distributes Shares to JCP Investors

October 21, 2024

Food & Beverage

JAB agreed to buy Mondelez’s 86 million shares in JDE Peet’s for €25.10 per share, increasing JAB’s stake in JDE Peet’s to 68%. JAB also distributed 43 million JDE Peet’s shares (9% of issued capital) to over 70 limited partners of JAB Consumer Partners, raising JDE Peet’s free float to 32%.

Pentair Acquires Assets of Ken's Beverage, Inc.

April 20, 2021

Industrial Services

Pentair plc has entered into a definitive agreement to acquire the assets of Ken's Beverage, Inc. for approximately $80 million in cash. The acquisition adds a national direct service network — including 30 branches and over 300 trained technicians — to Pentair's commercial water and beverage equipment capabilities and is expected to close in Q2 2021.