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US: Pepsi Bottling Group to acquire Better Beverages

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The Pepsi Bottling Group has signed an agreement to acquire Better Beverages, a Pepsi-Cola and Dr Pepper franchised bottler serving central Texas.

Pepsi Bottling Group (PBG) said late yesterday (31 March) that it has signed a letter of intent to purchase Halletsville-based Better Beverages. A fee was not disclosed.

The PepsiCo bottler said that it expects the sale to be completed during the second quarter of 2009.

Better Beverages, founded in 1925, operates across 20 counties in Texas. It has a production facility in Hallettsville, as well as three satellite warehouses in Wharton, Victoria and Brenham.

"We continue to make investments that will expand our business in ways that both strengthen our ability to meet the needs of our customers and enhance our long-term growth prospects," said PBG Chairman and CEO Eric Foss.

PBG last autumn announced a restructuring programme across its business, set to result in 3,000 job losses across Mexico, North America and Europe.

Foss told analysts in New York in February that, while near-term economic difficulty will hurt soft drinks sales, the company will focus on positioning itself for when the economy improves.


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