GERMANY
JAB Holding, the parent company of Keurig Dr Pepper and Peet’s Coffee & Tea, and other major brands, is considering taking its coffee segment public.
The company, based in Germany, announced its intent in February in a statement suggesting the initial public offering (IPO) would occur in future years and would apply to its Acorn coffee and beverage division. Acorn’s portfolio also includes Stumptown Roasters, Intelligentsia and Mighty Leaf Tea.
“JAB has a very successful global Coffee and Beverages platform in Acorn, which includes Keurig Dr Pepper, Jacobs Douwe Egberts and Peet’s, and we are envisioning taking it public in the next 2-3 years,” the company said in a statement. “A public listing would be in line with JAB’s long-term philosophy to bring leading global consumer businesses to the public markets. However, we have not made any decision to trigger an IPO process now.
“Only the shares owned by JAB would be part of any IPO,” the statement said.