US: Pepsi Bottling Group finalizes Ab-Tex acquisition
By just-drinks.com editorial team | 15 February 2010
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PBG buys Texan bottler |
The Pepsi Bottling Group (PGB) has completed its acquisition of Ab-Tex Beverage.
The firm made the announcement on Friday (12 February). Financial terms of the transaction were not disclosed.
Headquartered in Abilene, Texas, Ab-Tex bottles, packages and distributes several leading beverage brands, including Pepsi-Cola, Dr Pepper, Mountain Dew, 7UP, and Sunkist. The company operates in 125 counties across central Texas.
This is the third domestic bottler acquisition that PBG has completed in the past 12 months.
Earlier this month, the firm signed a letter of intent to acquire Pepsi-Cola Bottling Co. of Yuba City, Inc.
The transaction is expected to be completed during the second quarter of 2010.
Pepsi Bottling Group this month reported full-year profits ahead of guidance, despite a slip in sales.
Sectors: Soft drinks, Water
Companies: Pepsi Bottling, Pepsi-Cola, Dr Pepper
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