US: PBG buys Cadbury Schweppes rights from Nor-Cal
The Pepsi Bottling Group has secured the distribution and bottling rights to three Cadbury Schweppes brands in Northern California.
PBG said late last night (9 January) that it had struck a deal with the brands' former distributor Nor-Cal Beverage Co.
PBG will begin handling Dr Pepper, Squirt and Hawaiian Punch in 14 counties throughout the north of the state during the first quarter of the year.
A PBG spokesperson told just-drinks that the deal is "an additional opportunity for us to add strong brands to our already very strong portfolio".
She said: "Nor-Cal was looking to sell these distribution rights and we already have operations in the 14 counties so this was an excellent opportunity for us."
Financial details surrounding the deal were not disclosed.
Nor-Cal is a major independent contract packer of chilled juices and hot-fill beverages with production facilities in West Sacramento and Anaheim.
The drinks industry has not been immune from the growing influence of private equity groups (PEGS) in the corporate world. Critics argue that PEGs hark back to the worst excesses of 1980s corporate gr...
The Coca-Cola Co. has confirmed its interest in either buying Cadbury Schweppes' iced tea line Snapple or building its own tea brand, according to reports....
Local Pepsi bottler Pepsi-Cola Products Philippines Inc., which holds the Pepsi Bottling Group (PBG) licence for the Philippines, is planning a share offering which it hopes will raise around PHP6.9bn...
The Indian company Tata Tea has declined to comment on a report in the Indian newspaper Economic Times that Tata Group is interested in joining a bid for Cadbury Schweppes' US beverage business to sec...
Nelson Peltz, the activist US investor, has upped his stake in Cadbury Schweppes, which is currently attempting to spin off its US beverage division....
Coca-Cola Co. has declined to comment on speculation that it may be interested in acquiring Cadbury Schweppes's Snapple iced tea....
Snapple has added 'Classic Black Teas' to the brand's ready-to-drink 'Good for You' line of beverages....
Citigroup has downgraded Cadbury Schweppes shares from 'buy' to 'hold'....
- Diageo's future brighter than present suggests
- Diageo's Q1 Results by Region
- Analysis - Remy's Cognac "dead-cat bounce"
- Focus - Remy Cointreau's H1 Performance by Brand
- Three Questions for the Drinks Industry
- Moët Hennessy unveils first Travel Retail outlet
- Diageo puts Beckham centre stage in Haig Club ad
- United Spirits sees Q1 net loss
- TWE unveils Penfolds range after CEO's "bold move"
- Diageo Q1 sales dip "in line with expectations"