US: Pepsi Bottling Ventures to acquire Vermont bottler

By just-drinks.com editorial team | 16 October 2007

Pepsi Bottling Ventures has signed a letter of intent to purchase Pepsi-Cola franchise bottler L.E. Farrell Co.

The US's third largest Pepsi-Cola bottler said today (16 October) that the terms of the letter include ownership of all assets of the Farrell Co. which has almost 150 employees and revenues in excess of US$27m.

The Farrell Co. Co's franchise territory encompasses 11 of Vermont's 14 counties and has sales and distribution facilities in both Burlington and North Clarendon, Vermont, the letter stated.

PBV president and CEO Keith Reimer said: "By combining the resources of Pepsi-Cola Burlington with those of PBV, we will create an even stronger entity, which will be better equipped to meet the needs of our customers, employees, and the communities we serve."

The deal is expected to close by the end of November.

Pepsi Bottling Ventures currently operates 21 manufacturing, distribution, and sales facilities in North Carolina, New York, Delaware, Maryland, and Virginia, serving over 8m consumers.

Sectors: Soft drinks, Water

Companies: Pepsi Bottling, Pepsi-Cola