EX-99.1 2 kdp-ex991_pressrelease.htm EX-99.1 Document EXHIBIT 99.1 Keurig Dr Pepper Advances Strategic Priorities Through Enhanced Partnership with Chobani Selling minority investment in Chobani and Pennsylvania facility for $925 million in pre-tax proceeds Proceeds to support Keurig Dr Pepper’s deleveraging goals Updating and expanding long-term commercial relationship with Chobani BURLINGTON, Mass. and FRISCO, Texas - September 1, 2026 - Keurig Dr Pepper Inc. (NASDAQ: KDP) and Chobani today announced a series of transactions that further strengthen their longstanding strategic partnership while advancing the growth and capital allocation priorities of both companies. As part of the agreement, KDP will sell its full equity stake in Chobani back to the company for $800 million. In a related transaction, Chobani will acquire KDP's manufacturing facility and warehouse in Allentown, Pennsylvania for approximately $125 million, including the facility lease, equipment and operations. Chobani intends to offer employment opportunities to the site's manufacturing and warehouse employees, recognizing the value of the trained workforce and helping ensure operational continuity. E…
Open exhibit ↗Current Report · Items 8.01, 9.01 · 8-K
Keurig Dr Pepper Inc.
KDPNASDAQEQUITYCurrent
Other Events
Item 8.01. Other Events. On August 28, 2026, Mott’s LLP, a Delaware limited liability partnership and a wholly-owned subsidiary of Keurig Dr Pepper Inc., a Delaware corporation (the “Company”) and certain other affiliates of the Company, entered into definitive agreements with FHU US Holdings, LLC, a Delaware limited liability company and certain of its affiliates (collectively, “Chobani”), provid…
Company context
Keurig Dr Pepper (Nasdaq: KDP) is a leading beverage company with more than 150 owned, licensed and partner brands that meet a wide range of needs and occasions. Our North American refreshment beverage business holds leadership positions across carbonated soft drinks, water, juice and mixers with a portfolio of iconic brands such as Dr Pepper®, Canada Dry®, Mott’s®, A&W®, Peñafiel®, GHOST®, 7UP®, Snapple®, Clamato® and Core Hydration®. Our global coffee business spans more than 100 markets and includes the leading Keurig® single‑serve brewing system in the U.S. and Canada, along with powerhouse brands such as Peet’s, L’OR and Jacobs, and other regional coffee leaders. Our more than 50,000 employees aim to enhance the experience of every beverage and coffee occasion while making a positive impact for people, communities and the planet. Learn more at www.keurigdrpepper.com and follow us@KeurigDrPepper on LinkedIn and Instagram.