Keurig Dr Pepper Invests $300M In Coffee Roaster La Colombe - What's On The Cards?
Portfolio Pulse from Shivani Kumaresan
Keurig Dr Pepper Inc (KDP) has entered into a strategic partnership with independent coffee roaster, La Colombe. KDP will invest $300 million in La Colombe for a 33% ownership stake. The partnership includes a long-term sales and distribution agreement for La Colombe's ready-to-drink coffee and a licensing, manufacturing, and distribution agreement for La Colombe branded K-Cup coffee pods. The investment will make KDP the second largest investor in La Colombe.
July 20, 2023 | 4:33 pm
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KDP's investment in La Colombe could potentially expand its reach into high growth ready-to-drink and super premium coffee segments. This could increase La Colombe's availability to consumers and potentially boost KDP's revenues.
The investment in La Colombe represents a strategic move for KDP to expand its product portfolio and reach into high growth coffee segments. This could potentially increase KDP's revenues and profitability in the long run.
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