NEW YORK, April 21 (Reuters) – Beverage company Keurig Dr Pepper and Nestlé USA said on Monday they have expanded a partnership that includes manufacturing and distribution of Starbucks-branded coffee products in the United States and Canada.
The agreement extends a deal first struck in 2020 to produce and sell Starbucks-branded packaged coffee (K-Cup pods) in the U.S. and Canada. The companies plan to boost distribution within the Keurig brewing system, the machines for single-serve coffee that are present in households and businesses in the region.
Nestlé, which acquired the rights in August 2018 to market and distribute Starbucks products globally outside of the chain’s coffee shops, handles the retail channel distribution.
The arabica coffee beans are sourced and roasted by Starbucks.
Financial terms of the renewed agreement were not disclosed.
Keurig announced last year an $18 billion takeover of coffee rival JDE Peet’s.
(Reporting by Marcelo Teixeira; Editing by Kirsten Donovan)
