PORTLAND, Ore. (KOIN) – Portland’s own beloved Stumptown Coffee Roasters will soon have a new owner.
Keurig Dr. Pepper says it will buy Stumptown’s parent company, JDE Peets, for $18 billion.
The move comes as President Donald Trump’s tariffs threaten the coffee industry.
The merger will make Keurig Dr. Pepper roughly similar in size to Nestle’s coffee business, with each controlling about 20 percent of the global coffee market, according to analysts.
Stay with KOIN 6 News as this story develops.
Aimee Plante
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