The Keurig Dr Pepper beverage company, or KDP, announced Monday that it will acquire the JDE Peet's coffee business, or JDEP, and then split into two companies.

Pact could pave the way for a break-up of the US drinks giant

After its planned acquisition of Dutch coffee company JDE Peet's, Keurig Dr Pepper will split its beverage and coffee units into two separate U.S.-listed firms.