Hello, I'm an expert in the field of corporate acquisitions and brand ownership. Let's delve into the ownership of Dr Pepper.
Dr Pepper is a popular soft drink brand that has a long history dating back to the 19th century. For many years, it was not owned by either of the two major soft drink companies, Pepsi or Coca-Cola. However, in 2018, Keurig Green Mountain, a company known for its single-serve coffee brewing systems, announced a merger with Dr Pepper Snapple Group, which was the company that owned the Dr Pepper brand at the time.
This merger created a new entity called Keurig Dr Pepper. It's important to note that this new company is separate from PepsiCo, which owns the Pepsi brand. Keurig Dr Pepper is an independent publicly traded company and operates its own portfolio of beverage brands.
To summarize, Dr Pepper is
not owned by Pepsi. It is owned by Keurig Dr Pepper, which is a different company altogether.
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