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The original name of that particular apple juice product, Snapple, a portmanteau derived from the words snappy and apple, became the new name for their beverage company. Thus the Snapple Beverage Corporation was born, beginning in the early 1980s. [3] [4] Snapple would not manufacture their first tea, lemon tea, until 1987. [5]
The combined company would be named Keurig Dr Pepper and would trade publicly on the New York Stock Exchange. Shareholders of Dr Pepper Snapple Group would own 13% of the combined company, while Keurig shareholder and Cadbury current owner Mondelez International owning 13–14%, and JAB Holdings owning the remaining majority stake. [5]
Legally, Dr Pepper Snapple Group was the surviving company; it remained publicly traded and changed its name to Keurig Dr Pepper. [80] This created the third largest beverage company in North America. [81] [82] On July 10, shares in Keurig Dr Pepper (KDP) began trading on the New York Stock Exchange. [83] Its stock switched to NASDAQ in 2020. [84]
Dr Pepper Snapple Group (NYS: DPS) is a leading producer of flavored beverages in North America and the Caribbean. Our success is fueled by more than 50 brands that are synonymous with refreshment ...
Leonard Marsh (January 5, 1933 – May 21, 2013) was an American businessman who co-founded the Snapple Beverage Corporation (now part of the Dr Pepper Snapple Group) in 1972. [1] [2] Marsh co-founded Snapple, which was originally known as Unadulterated Food Products, with his brother-in-law, Hyman Golden, and childhood friend, Arnold Greenberg ...
Food and beverage giant PepsiCo has been one of the world's largest companies for decades. Second this year globally to only Nestle, PepsiCo is the largest food and beverage company in North ...
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]
In the mid-90s, when the company's flavored iced teas and juices were an ubiquitous presence in convenience-store fridges and school lunches, it was a point of local pride.