Who Owns Dr. Pepper? Dr. Pepper is owned by Keurig Dr. Pepper, a publicly traded company, since 2018. The ownership of this company comprises shareholders who have bought its stocks. Keurig Dr. Pepper was formed as a result of a merger between Keurig Green Mountain and Dr. Pepper Snapple Group, and it is one of the leading beverage companies in North America. The major shareholders include institutional investors, individual investors, and company insiders who have a stake in the business through stock investments.
Company History
Dr Pepper is a popular soft drink that was created in the 1880s. Over the years, the ownership of the Dr Pepper brand has gone through several changes and has been controlled by different companies. Here is a brief overview of the history of Dr Pepper and information about its ownership:
1. Creation:
Dr Pepper was invented by pharmacist Charles Alderton in Waco, Texas, around 1885. The beverage was first served at Morrison’s Old Corner Drug Store, where Alderton worked.
2. Patent:
In 1904, the fledgling company producing the syrup for Dr Pepper became known as Dr Pepper Company. The beverage’s name (originally stylized as “Dr. Pepper”) was officially trademarked in 1904.
3. Ownership Changes:
In the early years, multiple individuals and companies held stakes in Dr Pepper Company. A notable name in the evolution of the company was George Clinton Dobbs, who operated the firm DWC Corporation that acquired the majority of the Dr Pepper Company’s assets in 1923.
4. Dr Pepper/7UP Merger:
In 1986, Dr Pepper merged with the 7UP Company, creating Dr Pepper/Seven Up Inc. This was a major point of change for the company, bringing two iconic American soft drinks under one ownership.
5. Cadbury Schweppes Takeover:
In 1995, British multinational Cadbury Schweppes acquired Dr Pepper/Seven Up Inc. This acquisition placed Dr Pepper under the ownership of the world’s third-largest soft drink business.
6. Birth of DPSG:
In 2008, Cadbury Schweppes spun off its American beverage business, resulting in the creation of the Dr Pepper Snapple Group (DPSG). This new entity managed a wide range of drink brands, including Dr Pepper and 7UP.
7. Keurig Dr Pepper:
In 2018, Keurig Green Mountain, a coffee and beverage company, merged with DPSG in a deal worth around $18.7 billion. The resulting entity, Keurig Dr Pepper, became the owner of the Dr Pepper brand. Currently, Dr Pepper is owned by Keurig Dr Pepper, a publicly traded company that produces and distributes various beverages, including Dr Pepper, Snapple, 7UP, and Green Mountain Coffee.
Who was the original founder?
Dr. Pepper was originally created by Charles Alderton in 1885 in Waco, Texas. Alderton was a pharmacist who was searching for a new, unique flavor for a beverage. He started experimenting with various combinations of fruit extracts and syrups at the pharmacy he worked at, Morrison’s Old Corner Drug Store. Born in New York in 1857, Charles Alderton grew up in England and returned to the United States where he trained as an allopath, which is a medical doctor who treats diseases with conventional remedies. He worked at Morrison’s Old Corner Drug Store, which had a soda fountain, and decided to create a refreshing drink for his customers.
Alderton’s first concoction, which later became Dr. Pepper, was a hit among the pharmacy’s patrons. It was soon noticed by the store owner, Wade Morrison. Morrison helped market, promote, and distribute the drink in other pharmacies, which quickly gained popularity across Texas and nearby states. The name ‘Dr. Pepper’ was rumored to have been chosen after Dr. Charles T. Pepper, a physician and friend of Wade Morrison. The first official sale of the beverage took place on December 1, 1885. As the drink’s popularity grew, Robert S. Lazenby, a beverage chemist, and Morrison decided to form a partnership and create the Artesian Mfg. & Bottling Works, which eventually became the Dr. Pepper Company.
FAQ Section: Who owns Dr. Pepper
1. Who is the current owner of Dr. Pepper?
The current owner of Dr. Pepper is Keurig Dr Pepper, a company formed by the merger of Keurig Green Mountain and Dr Pepper Snapple Group in 2018.
2. What was the previous company that owned Dr. Pepper before the merger?
Before the merger, Dr. Pepper was owned by Dr Pepper Snapple Group, which was a standalone company responsible for various popular beverage brands.
3. When was Dr. Pepper first created?
Dr. Pepper was first created in 1885 by a pharmacist named Charles Alderton in Waco, Texas.
4. What other beverage brands does Keurig Dr Pepper own?
Keurig Dr Pepper owns a wide variety of popular beverage brands, including 7UP, A&W, Canada Dry, Snapple, Mott’s, and Keurig’s line of single-serve coffee systems and beverages.
5. Is Dr. Pepper a Coca-Cola or Pepsi product?
Dr. Pepper is neither a Coca-Cola nor a Pepsi product. It is owned by Keurig Dr Pepper and is considered a separate brand from the two major soda companies.
Sources for More Information
- Dr. Pepper Snapple Group
- PR Newswire: Keurig Closes Merger with Dr. Pepper Snapple Group
- Forbes: Dr. Pepper Snapple and Keurig to Form a New Beverage Giant
- Fortune: Keurig and Dr. Pepper Snapple to Merge
Featured image provided by Brandon Richardson; Pexels; Thanks!
