Keurig Dr Pepper will acquire JDE Peet’s – whose brands include Douwe Egberts, Kenco and Peet’s Coffee – for more than $18 billion and split into two listed businesses.

After the takeover, the company will split into two businesses, one focusing on coffee and one on soft drinks.

NEW YORK (AP) — Keurig Dr Pepper will buy the owner of Peet’s Coffee in an $18 billion (15.7 billion euro) deal, then break itself in two, with one company selling coffee and the other selling cold beverages like Snapple, Dr Pepper, 7UP and energy drinks.