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In 1984 he and Thomas Hicks formed the investment company Hicks & Haas in Dallas, Texas. [1] Together, they purchased 49 percent of the soft drink companies 7-Up and Dr Pepper and then resold the combined companies in 1988 to Prudential-Bache Securities for $600 million.
Dr Pepper/Seven Up, Inc. (DPSU, or Dr Pepper 7UP, Inc.) was a soft-drink manufacturing company based in Plano, Texas. [1] It was created by the merger of Dr Pepper , Inc. and The 7 Up Company on May 19, 1986.
The American Bottling Company, formerly Dr Pepper/Seven Up Bottling Group (1999–2006), Cadbury Schweppes Bottling Group (2006–2008), and Dr Pepper Snapple Bottling Group (2008), is the bottling company of Dr Pepper Snapple Group, and is a wholly owned subsidiary of that company. [1]
PLANO, Texas--(BUSINESS WIRE)-- Dr Pepper Snapple Group (NYS: DPS) today announced that it has acquired the business assets and territory of Dr. Pepper/7-UP Bottling Company of the West, based in ...
Hicks & Haas' in the mid-1980s bought several soft drink makers, including Dr Pepper and 7 Up. The firm took Dr Pepper/7 Up public just 18 months after merging the two companies. In all, Hicks & Haas turned $88 million of investor funding into $1.3 billion. The pair went their separate ways in May 1989. [8]
Dr Pepper Snapple lowered the amount of PET in its bottles by over 60 million pounds between 2007 and 2014. [12] On November 22, 2016, Dr Pepper Snapple announced plans to make a cash purchase of Bai Brands for $1.7 billion. It had previously purchased a minority stake in the company for $15 million in 2015. [13] On January 29, 2018, Keurig ...
In 1995, Cadbury Schweppes acquired Dr Pepper/Seven Up. [33] In May 2008, Cadbury Schweppes spun off Cadbury Schweppes Americas Beverages into an independent company called the Dr Pepper Snapple Group, and renamed itself to Cadbury plc. [34] On July 9, 2018, Keurig acquired the Dr Pepper Snapple Group in an $18.7 billion deal.
In the US, 7 Up merged with Dr Pepper in 1988 to form Dr Pepper/Seven Up; Cadbury Schweppes bought the combined company in 1995. The Dr Pepper Snapple Group was spun off from Cadbury Schweppes in 2008; it merged with Keurig Green Mountain in 2018 to form Keurig Dr Pepper .
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