US: Pepsi Bottling Ventures to acquire Conway-Myrtle bottler
The deal for the Pepsi-Cola franchise bottler based in Conway, South Carolina, is expected to close by the end of December, the company said yesterday (15 October). Financial details behind the transaction were not disclosed.
PBV president and CEO Keith Reimer said: "We are very excited to welcome Pepsi of Conway-Myrtle Beach to the PBV family. The company has been known for their culture of providing superior customer service with strong ties to the local community.
"We look forward to building on those strengths and leveraging our scale and operating capability to further expand the Pepsi business in South Carolina."
The bottler's franchise territory of Marion and Horry counties is serviced by Conway and Marion, South Carolina sales and distribution centres. The area hosts around 13 million visitors every year.
Earlier this year PBV signed deals to buy two independent franchise bottlers in Idaho - Nagel Beverage Company and Pepsi-Cola Bottling Company.
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