The Pepsi Bottling Group to Acquire California Bottler
29 Gennaio 2010 - 7:01PM
Business Wire
The Pepsi Bottling Group, Inc. (NYSE: PBG) today announced that
it has signed a Letter of Intent to acquire Pepsi-Cola Bottling Co.
of Yuba City, Inc., a Pepsi-Cola franchised bottler based in
northern California.
The origins of the Yuba City-based company date back to 1944,
when John Cary, Sr. purchased the local Pepsi-Cola franchise. It
has been a successful family-owned and operated business ever
since, with John Cary II serving as the company’s president since
1989.
“Acquiring well-run independent bottlers continues to be an
important part of our strategy to capitalize on geographic growth
opportunities,” said PBG Chairman and Chief Executive Officer Eric
Foss. “The Cary family has operated a terrific company for more
than six decades. Their business, as well as their talented
employees, will strengthen our organization. We look forward to
building on their commitment to customer service and community
involvement in the years to come.”
PBG expects the transaction to be completed during the second
quarter of 2010. Financial terms were not disclosed.
This is the sixth in a series of deals that PBG has announced
since the beginning of 2008 to expand the company’s U.S.
footprint.
About PBG
The Pepsi Bottling Group, Inc. (NYSE:PBG) is the world's largest
manufacturer, seller and distributor of Pepsi-Cola beverages. With
approximately 65,000 employees and annual sales of nearly $14
billion, PBG has operations in the U.S., Canada, Greece, Mexico,
Russia, Spain and Turkey. For more information, please visit
www.pbg.com.
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