Dr Pepper Snapple completes 1.7B acquisition of Bai Brands

Emily Bader//February 1, 2017//

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Dr Pepper Snapple Group Inc. has completed its previously announced acquisition of the Hamilton-based drink company Bai Brands LLC.Dr Pepper Snapple Group Inc. has completed its previously announced acquisition of the Hamilton-based drink company Bai Brands LLC.

The Plano, Texas-based soft drink company has paid $1.7 billion in cash for Bai Brands, including a tax benefit of approximately $400 million on a net present value basis.

“The Bai team has fostered a passionate, winning culture while hitting the bull’s-eye in meeting consumers’ needs for better-for-you beverages,” Larry Young, DPS CEO and president, said. “Now that they’re part of the DPS family, we’re going to let them continue to fly and build on the entrepreneurial spirit that’s driven their success while providing them access to the full complement of Dr Pepper Snapple’s resources and capabilities.”

Bai will now operate as part of DPS’s packaged beverage business and will continue to be led by its founder, Ben Weiss.