After the takeover, the company will split into two businesses, one focusing on coffee and one on soft drinks.

The acquisition will be followed by Keurig Dr Pepper splitting its coffee and beverages business, as the latter faces a slowdown and tariff pressures.

Keurig Dr Pepper Inc. announced an $18 billion all-cash deal to acquire Dutch-based JDE Peet’s NV on Monday, a major bet on coffee for the U.S. drinks giant, whose stock has been struggling for years.