US: PepsiAmericas completes Cabcorp JV deal

By | 6 July 2009

PepsiAmericas has completed a joint venture deal with Central America Beverage Corporation (Cabcorp), the soft drinks bottler has said.

Cabcorp will hold 82% of the venture, which will combine the companies' Central American and Caribbean bottling operations, excluding the Bahamas.

"Our Caribbean business combined with Cabcorp is a great fit, providing scale, expertise and a strong platform for growth and geographic expansion," said Kenneth Keiser, president and COO of PepsiAmericas.

Completion of the deal comes as PepsiAmericas continues to hold out against a takeover offer from PepsiCo.

Sectors: Soft drinks

Companies: PepsiAmericas, PepsiCo

There are currently no comments on this article

Be the first to comment on this article

Related articles

just the decade - The stories that defined the 2000s

As the decade draws to a close and just-drinks reflects on its first ten years of publication, our editorial team picks the ten stories that defined the noughties for the drinks industry and shaped our editorial coverage as we grew from 600 readers a month to 100,000.

just the ten - Top News Stories of 2009

With the end of the year looming, just-drinks is running a series of 'Top Tens of the Year' in the run-up to Christmas. Today, it's the Top Ten Most Read News Stories of 2009.

Review of the Year 2009 - Soft Drinks & Water

It would appear that, beyond the shadow of one major transaction, the soft drinks and water categories had a year of innovation and controversy. A colourful 12 months for the sector, then, as Ben Cooper reports.

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