Dr Pepper Snapple Group

Dr Pepper Snapple Group
Dr Pepper Snapple Group Inc.
Type Public
Traded as NYSEDPS
S&P 500 Component
Industry Beverage
Founded May 7, 2008
Headquarters Plano, Texas, U.S.
Key people Wayne Sanders (Chairman)
Larry Young (President and CEO)
Products Dr Pepper
Snapple
A&W
7 Up
Schweppes
Sunkist
Canada Dry
Mott's
Hawaiian Punch
Other beverages
Revenue increase US$ 5.636 billion (2010)[1]
Operating income decrease US$ 1.025 billion (2010)[1]
Net income decrease US$ 528 million (2010)[1]
Total assets increase US$ 8.859 billion (2010)[1]
Total equity decrease US$ 2.459 billion (2010)[1]
Employees 19,000 (2010)[1]
Website DrPepperSnappleGroup.com

Dr Pepper Snapple Group Inc. (formerly Cadbury Schweppes Americas Beverages) is an American soft drink company, based in Plano, Texas.

It was spun off from Britain's Cadbury Schweppes, on May 5, 2008, with trading in its shares starting on May 7, 2008. Cadbury Schweppes plc became Cadbury plc on May 5, 2008.[2][3]

Contents

History

Beverage America and Select Beverages bottlers were purchased from the Carlyle Group in February 1998.[4] Snapple, Mistic and Stewart's (formerly Cable Car Beverage) were sold by Triarc Companies, Inc. to Cadbury Schweppes in 2000 for $1.45 billion[5] In October of that same year, Cadbury Schweppes purchased Royal Crown from Triarc.[6]

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 to drop their products. Some of the Dr Pepper/Seven Up brands are still licensed to Pepsi, Coke and independent bottlers in various regions of the United States.

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.[7]

Products[8]

References

External links

Portal icon Dallas-Fort Worth portal
Portal icon Companies portal
Portal icon Food portal

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