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 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.