Keurig Dr Pepper (KDP) will move its Texas headquarters to a new 350,000-square-foot site at The Star in Frisco – home of the Dallas Cowboys American football team.
The new location will be ready in 2021 and serve as one of the company’s two headquarters, with the other located in Burlington, Massachusetts.
Approximately 1,100 employees work in the company’s current location in Plano, which it has occupied since 1998.
KDP CEO Bob Gamgort said: “We are excited to upgrade our Texas co-headquarters location to support the needs of our vibrant business, including enhanced technology capabilities and space to increase collaboration.
“The new location at The Star in Frisco will provide a state-of-the-art work environment and exciting amenities that will energise our employees and enable us to attract top talent in the area.”
The announcement follows a vote by the Frisco Economic Development Corporation (FEDR) board of directors approving an incentive package tied to certain performance criteria.
FEDR president Ron Patterson said: “Keurig Dr Pepper’s decision to locate here is a huge win for the city and residents of Frisco. This move will drive job growth opportunities, as well as create interest from other corporations across the nation seeking to expand and relocate their operations. As more companies move to Frisco, our residents and business community will continue to benefit.”
Frisco mayor Jeff Cheney added: “This is an exciting day for the City of Frisco. Having this Fortune 500 company located in Frisco will continue to strengthen the city’s position as one of the top corporate relocation destinations in the United States. With this move, Keurig Dr Pepper will have a direct impact on our city’s corporate landscape for many years to come.”
KDP was formed last year after Keurig Green Mountain acquired Dr Pepper Snapple.
The company makes brands such as Snapple, Canada Dry, Dr Pepper, Keurig, Green Mountain Coffee Roasters and Sunkist. Last September, it acquired US water company Core Nutrition for $525 million.