US: Pepsi Bottling Group completes Better Beverages buy

By | 2 June 2009

The Pepsi Bottling Group has completed the acquisition of Better Beverages, a Pepsi-Cola and Dr Pepper franchised bottler serving central Texas.

Pepsi Bottling Group, which announced the deal yesterday (1 June), signed a letter of intent to purchase Halletsville-based Better Beverages in late March.

Financial terms of the transaction were not disclosed. 

Better Beverages, founded in 1925, operates across 20 counties in Texas. It has a production facility in Hallettsville, as well as three satellite warehouses in Wharton, Victoria and Brenham.

PBG last autumn announced a restructuring programme across its business, set to result in 3,000 job losses across Mexico, North America and Europe.

The bottler recently rejected a takeover bid from parent firm PepsiCo.

Foss told analysts in New York in February that, while near-term economic difficulty will hurt soft drinks sales, the company will focus on positioning itself for when the economy improves.

Sectors: Soft drinks

Companies: Pepsi Bottling, Pepsi-Cola, Dr Pepper

View next/previous articles

Currently reading -

US: Pepsi Bottling Group completes Better Beverages buy

There are currently no comments on this article

Be the first to comment on this article

Related articles

US: PepsiCo withdraws acquisition filing for bottlers

PepsiCo has temporarily withdrawn documents filed with US the Federal Trade Commission on its acquisition of all outstanding shares in Pepsi Bottling Group and PepsiAmericas.

EUR: PepsiCo gains EU green light for PBG, PepsiAmericas buys

The European Commission has approved PepsiCo's proposed purchases of two of its major bottlers, PepsiAmericas and Pepsi Bottling Group.

US: PepsiCo, Ocean Spray add more lines to US tie-up

Ocean Spray and PepsiCo have expanded their strategic alliance in the US to include more of the cranberry grower cooperative's portfolio.

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