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 plans to spend $18 billion to buy the Dutch company JDE Peet’s. The firm will then split in two, separating its soft drink business from its coffee business entirely. This is just the latest chapter in a now decades-long corporate trend of spinning off disparate business segments into independent companies.

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