Keurig Dr Pepper and Nestle USA extend strategic partnership

Keurig Dr Pepper (KDP) and Nestle USA (NSRGY) announced an extended agreement renewing and expanding their strategic partnership, including the manufacturing and distribution of Starbucks K-Cup pods in the U.S. and Canada. The agreement builds on the collaboration first established with Nestle in 2020 and includes new programs focused on expanding distribution and innovation for the Starbucks brand in the Keurig brewing system. Under Nestle’s global agreement with Starbucks for consumer packaged goods, Nestle is responsible for the distribution of Starbucks at-home coffee platforms into grocery and other retail channels outside of Starbucks coffeehouses, excluding ready-to-drink products.