PepsiCo wont spin-off bottlers - exec

PepsiCo won't spin-off bottlers - exec

PepsiCo has dismissed any notion that it would look to spin-off its newly-acquired bottlers, PepsiAmerica and Pepsi Bottling Group, according to a report.

Tom Greco, chief commercial officer of PepsiCo's Americas Beverages business, said there were no plans for a future spin-off of the bottlers. His comments were reported by Reuters and came at a conference hosted by industry magazine Beverage Digest.

PepsiCo completed the US$7.8bn takeover of PepsiAmericas and Pepsi Bottling Group in March.

In the same week, The Coca-Cola Co announced that it would acquire the North America operations of Coca-Cola Enterprises.