Multinational snack food conglomerate Mondelez Internationa, Inc. and D.E. Master Blenders 1753 B.V. have completed the transactions to combine their coffee businesses, creating the new company Jacobs Douwe Egberts.

The new company, announced in May 2014, is projected to draw revenues of more than $5.4 billion. The company will be based in the Netherlands and includes some the world’s leading coffee brands such as Jacobs, Tassimo, Moccona, Senseo, L'OR, Douwe Egberts, Kenco, Pilão and Gevalia.

As a result of the merger, Mondelez says it turn more of its focus towards its snacking ventures with approximately 85 percent of net revenues derived from biscuits, chocolate, gum and candy.

Upon closing, Mondelez received cash of approximately $4.2 billion and a 44 percent interest in the new joint venture, subject to standard post-close adjustments. Acorn Holdings B.V. (AHBV), owner of D.E Master Blenders 1753, will have a 56 percent share in JDE. AHBV is owned by an investor group led by JAB Holding Company in partnership with BDT Capital Partners, Quadrant Capital Advisors and Société Familiale d'Investissements.