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.

Keurig Dr. Pepper has agreed to buy JDE Peets, the parent company of Stumptown Coffee Roasters, for $18 billion, making it roughly the same size as Nestle's coffee business.

The contemplated transaction would create the world's largest pure-play coffee company while enabling KDP to pursue its core beverage business independently.