Dr Pepper Snapple Group

Dr Pepper Snapple Group Inc.
Public
Traded as NYSE: DPS
S&P 500 Component
Industry Beverage
Predecessor Dr Pepper Seven Up
Founded May 7, 2008 (2008-05-07)
Headquarters Plano, Texas, U.S.
Key people
 Larry Young (President and CEO)
Martin Ellen (CFO)
Products Dr Pepper
Snapple
A&W
7 Up (U.S.)
Schweppes
Sunkist
Canada Dry
Mott's
Hawaiian Punch
Other beverages
Revenue
  • Increase US$ 5,997.0 million (2013) [1]
  • Increase US$ 5,995.0 million (2012) [1]
  • Decrease US$ 1,046.0 million (2013) [1]
  • Increase US$ 1,092.0 million (2012) [1]
  • Decrease US$ 624.0 million (2013) [1]
  • Increase US$ 629.0 million (2012) [1]
Total assets
  • Decrease US$ 8,201.0 million (2013) [2]
  • Decrease US$ 8,928.0 million (2012) [1]
Total equity
  • Decrease US$ 2,277.0 million (2013) [2]
  • Increase US$ 2,280.0 million (2012) [1]
Number of employees
 19,000 (2010)[3]
Subsidiaries Dr Pepper Snapple Bottling Group
Bai Brands
Big Red, Inc
Canada Dry Motts
Groupo Peñafiel
Website DrPepperSnappleGroup.com
Snapple

Dr Pepper Snapple Group Inc. (known as Dr. Peppers for short), is an American soft drink company, based in Plano, Texas. Formerly called Cadbury Schweppes Americas Beverages, on May 5, 2008, it was spun off from Britain's Cadbury Schweppes, with trading in its shares starting on May 7, 2008. Cadbury Schweppes plc went on to become Cadbury plc on May 5, 2008.[4][5]

History

Beverage America and Select Beverages bottlers were purchased from the Carlyle Group in February 1998.[6] Snapple, Mistic and Stewart's (formerly Cable Car Beverage) were sold by Triarc Companies, Inc. to Cadbury Schweppes in 2000 for $1.45 billion.[7] In October of that same year, Cadbury Schweppes purchased Royal Crown from Triarc.[8]

In 2006 and 2007, Cadbury Schweppes purchased the Dr Pepper/Seven Up Bottling Group, along with several other regional bottlers. This allowed DPS to bottle many of its own beverages and combat the recent decision by many Pepsi and Coke bottlers who had dropped their Dr Pepper and Snapple products to promote new product additions from Pepsi and Coke. Some of the Dr Pepper/Seven Up brands are still licensed to Pepsi, Coke and independent bottlers in various regions of the United States and Canada.

In November 2007, Cadbury Schweppes announced it would take the beverages unit public. In May 2008, Cadbury Schweppes demerged its beverage holdings forming the Dr Pepper Snapple Group.

Dr Pepper Snapple Group holds naming rights to Dr Pepper Ballpark and the Dallas Stars' practice facility, the Dr Pepper Star Center, both of which are located in Frisco, Texas. It also retains non-alcoholic beverage rights to each facility's concessions as a result of the deals as well as sponsorships with the NHL franchise.

In 2008, Dr Pepper Snapple Group purchased minority interest in Big Red, Inc, makers of Big Red, NuGrape, Nesbitt's and other flavored drinks.[9]

In 2014, the company announced that it accomplished its goal of reducing use of polyethylene terephthalate (PET) in its plastic bottles. Dr Pepper Snapple lowered the amount of PET in its bottles by over 60 million pounds between 2007 and 2014.[10]

On November 22, 2016 it was announced that Dr Pepper/Seven Up Bottling Group had made a cash purchase of Bai Brands for the price of $1.7 billion. It had previously purchased a minority stake in the company for $15 million in 2015. [11]

Products

See List of Dr Pepper Snapple brands

The following products are available:[12]

Dr Pepper Snapple Group Brands

References

  1. 1 2 3 4 5 6 7 8 "Dr Pepper Snapple Group, Inc. 2013 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. February 20, 2014.
  2. 1 2 "Dr Pepper Snapple Group, Inc. 2014 Q1 Quarterly Report Form (10-Q)" (XBRL). United States Securities and Exchange Commission. April 23, 2014.
  3. ↑ "2010 Form 10-K, Dr Pepper Snapple Group Inc.". United States Securities and Exchange Commission.
  4. ↑ "Cadbury starts solo against bid background". Reuters. May 2, 2008. Retrieved May 3, 2008.
  5. ↑ Cadbury plc Demerger. Archived September 6, 2010.
  6. ↑ "Cadbury Announces Deal". Beverage Digest (February 23, 1998 (Special Edition)): 1. February 1999. Retrieved July 17, 2008.
  7. ↑ Holson, Laura M. (September 18, 2000). "Cadbury to Pay $1.45 Billion For Snapple". New York Times. New York Times. Retrieved June 18, 2008.
  8. ↑ "Royal Crown Cola Company". New Georgia Encyclopedia. September 15, 2006. Retrieved June 18, 2008.
  9. ↑ "Dr Pepper Snapple Group Takes Minority Stake in Big Red, Inc." (Press release). August 25, 2008. Retrieved September 15, 2012.
  10. ↑ Johnson, Jim (August 15, 2014). "Sustainability report shows impact of lightweighting at Dr Pepper". Plastics News. Crain Communications Inc. Retrieved December 22, 2014.
  11. ↑ "Dr Pepper Snapple to buy antioxidant drinks maker Bai for $1.7 billion" (Press release). November 22, 2016. Retrieved November 22, 2016.
  12. ↑ Dr Pepper Snapple Group, Retrieved September 15, 2012.

External links

Wikimedia Commons has media related to Dr Pepper.
This article is issued from Wikipedia - version of the 11/29/2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.