The American beverage company Keurig Dr. Pepper will acquire JDE Peet's for around $18 billion, the company said Monday.

NEW YORK (AP) — Keurig Dr Pepper will buy the owner of Peet’s Coffee in an $18 billion (15.7 billion euro) deal, then break itself in two, with one company selling coffee and the other selling cold beverages like Snapple, Dr Pepper, 7UP and energy drinks.

Keurig Dr Pepper will acquire JDE Peet’s, a Dutch company that operates brands like Peet’s Coffee and Stumptown Coffee Roasters, in a deal worth $18 billion, the companies announced on Monday, Aug. 25.