Keurig Dr Pepper Inc. (KDP) is a leading beverage company in North America and globally, offering a diverse portfolio including hot and cold beverages. The company came into existence in 2018, following the merger of Keurig Green Mountain and Dr Pepper Snapple Group. The merger created a new beverage business with approximately $11 billion in annual sales and integrating Dr Pepper, 7UP, Snapple, A&W, Motts, and Sunkist with leading coffee brand Green Mountain Coffee Roasters and the sophisticated, technology-enabled Keurig single-serve coffee system.
KDP operates in the U.S., Canada, Mexico, and the Caribbean, boasting an integrated business model with encompassing capabilities in the manufacturing, distribution, sales, and service of its products. As of today, KDP owns more than 125 brands, several of which populate the top spots in their respective beverage categories. Its brands span across numerous beverage markets, including carbonated soft drinks, coffee, bottled water, tea, mixers, juice, and apple sauce. Among them are 13 brands that generate annual sales of $500 million or more and several generate between $50 million and $100 million annually.
Emanating a strong sense of corporate responsibility, KDP has incorporated sustainability into its strategic business planning. Concepts of water stewardship, energy conservation, and recycling steer the company's initiatives, effectively minimizing the overall environmental footprint of their operations and supply chain. They aim to improve the lives and livelihoods of the farmers who grow their coffee and to transform its packaging to be 100% recyclable or compostable by 2025.
Resilient in the face of the COVID-19 pandemic, KDP reported solid growth in 2020, driven by growth in its Coffee Systems and Packaged Beverages segments. Despite the ongoing challenges, the company was able to navigate through the crisis, leveraging its diverse brand portfolio and extensive distribution network.
Today, KDP continues to thrive under the leadership of CEO Robert Gamgort, whose strategic planning and vast experience in the beverage industry has been instrumental in the company's successful operation. The company's mission statement pledges to provide high-quality beverages and create a positive impact on all stakeholders, an endeavor that continues to shape every aspect of their business. At its core, KDP is a company that refreshes the hot and cold beverage industry across North America and beyond.