US: Pepsi Bottling Group acquires bottler

By | 8 June 2009

Pepsi Bottling Group has acquired Texas-based soft drinks bottler Ab-Tex Beverage, its third bottler in less than two months.

Pepsi Bottling Group said today (8 June) that it has signed a letter of intent to acquire Ab-Tex Beverage, which employs around 450 people.

Financial details of the deal were not disclosed.

The timing of the move places more pressure on PepsiCo to raise its takeover bid for Pepsi Bottling Group. The bottler used a conference call with analysts last week to outline why PepsiCo's combined US$6bn bid for both it and PepsiAmericas is too low.

In the last two months, Pepsi Bottling Group has also signed deals to buy two other provincial bottlers, Pepsi-Cola Bottlers for the Merrimack Valley and Better Beverages.

"As the pace of bottler consolidation in the US accelerates, we will continue to capitalise on opportunities to expand our business," said Pepsi Bottling Group chairman and CEO Eric Foss today.

Sectors: Soft drinks

Companies: Pepsi Bottling, PepsiCo, PepsiAmericas

There are currently no comments on this article

Be the first to comment on this article

Related articles

Insight - Britvic eyeing acquisitions

Britvic, the UK's largest soft drinks firm, is targeting acquisitions as it looks to build on strong sales and profits momentum in its most recent fiscal year.

UK: Britvic FY profits leap as sales fizz

Britvic, the UK's biggest soft drinks group, has said it sees "encouraging signs" on the market after reporting a jump in full-year profits and a healthy sales rise driven by core brands.

just the preview - Britvic Q4, FY

Britvic, the UK soft drinks group, will report its full-year results on Wednesday 25 November.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page