News

UK: Cadbury Schweppes Completes Acquisition of Snapple Beverage Group For an Enterprise Value of $1,450 Million

Most popular

COVID is opening up aged spirits to a new world

Pernod Ricard Performance Trends 2016-2020 - data

PepsiCo's Driftwell launch a seachange for drinks

how big were online sales in lockdown? - analysis

How COVID has changed consumers' shopping habits

MORE
Cadbury Schweppes confirmed today it has completed the acquisition of the Snapple Beverage Group from Triarc Companies, Inc., for an enterprise value of $1,450 million (986 million Pounds Sterling). This is further to the announcement on 18 September 2000.

Snapple Beverage Group is a US premium beverage company whose brands include Snapple, Mistic, Stewart's and Royal Crown Cola. Snapple is the leading brand in the profitable and high growth premium ready-to-drink tea and juice sector of the New Age beverage market.

During the year ended 31st December 1999, Snapple Beverage Group made EBITDA on a pro forma basis of US$111 million (76 million pounds) on turnover of $772 million (525 million pounds).

Significant operating synergies are expected with a net present value of around $500 million (340 million Pounds).

In addition, Cadbury Schweppes will pay $200 million (136 million pounds) for the benefit of a US tax election which will generate annual tax savings over 15 years, with an estimated present value of $250 million (170 million pounds).

This acquisition meets Cadbury Schweppes value creation criteria and is expected, prior to goodwill amortisation and restructuring, to enhance EPS from the outset and to cover the Group's weighted cost of capital within three years.

All relevant governmental and regulatory authorisations, consents and approvals have been received.

Companies: Cadbury

Related Content

Dr Pepper Snapple Group poised to merge with Keurig Green Mountain

Dr Pepper Snapple Group poised to merge with Keurig Green Mountain...

Suntory Beverage & Food wary of lockdown return as H1 sales drop - results

Suntory Beverage & Food wary of lockdown return as H1 sales drop - results...

The Coca-Cola Co's US$5.1bn acquisition of Costa - Analysis

The Coca-Cola Co's US$5.1bn acquisition of Costa - Analysis...

Dr Pepper Snapple Group Q1 2017 sales performance - results data

Dr Pepper Snapple Group Q1 2017 sales performance - results data...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?