SOMERS, N.Y., April 19 /PRNewswire-FirstCall/ -- Pepsi Beverages Company, a division of PepsiCo, Inc. (NYSE: PEP), today announced that it has completed its acquisition of Pepsi-Cola Bottling Co. of Yuba City, Inc. Financial terms of the transaction were not disclosed.
The Yuba City, CA-based company is a Pepsi-Cola franchised bottler serving parts of northern California.
While PepsiCo continues to work in close partnership with scores of franchised bottlers across the U.S., PBC acquired the company as part of its ongoing practice of acquiring franchises that become available as a means to build scale and efficiency in its company-owned bottling operations.
Plans for the acquisition were previously announced by The Pepsi Bottling Group (PBG), which PepsiCo acquired – along with PepsiAmericas -- in February to form Pepsi Beverages Company. The mergers are intended to offer a unique set of strategic advantages which will provide the greatest benefits in North America and Europe, where the bottlers have operations.
About Pepsi Beverages Company
Pepsi Beverages Company (PBC) is PepsiCo's beverage manufacturing, sales and distribution operating unit in the United States, Canada and Mexico. PBC handles approximately 75 percent of PepsiCo's North America beverage volume. Its diverse portfolio includes some of the world's most widely recognized beverage brands, including Pepsi, Mountain Dew, Sierra Mist, Aquafina, Gatorade, SoBe, Lipton, and Amp Energy. In many markets, PBC also manufactures and/or distributes non-Pepsi brands, including Dr Pepper, Crush, ROCKSTAR, and Muscle Milk. The operating unit is headquartered in Westchester County, New York and employs approximately 70,000 people. Learn more about PBC at www.pepsico.com/pbc.
About PepsiCo
PepsiCo offers the world's largest portfolio of billion-dollar food and beverage brands, including 19 different product lines that each generates more than $1 billion in annual retail sales. Our main businesses - Frito-Lay, Quaker, Pepsi-Cola, Tropicana and Gatorade - also make hundreds of other nourishing, tasty foods and drinks that bring joy to our consumers in more than 200 countries. With annualized revenues of nearly $60 billion, PepsiCo's people are united by our unique commitment to sustainable growth, called Performance with Purpose. By dedicating ourselves to offering a broad array of choices for healthy, convenient and fun nourishment, reducing our environmental impact, and fostering a diverse and inclusive workplace culture, PepsiCo balances strong financial returns with giving back to our communities worldwide. In recognition of its continued sustainability efforts, PepsiCo was named for the third time to the Dow Jones Sustainability World Index (DJSI World) and for the fourth time to the Dow Jones Sustainability North America Index (DJSI North America) in 2009. For more information, please visit www.pepsico.com.
SOURCE Pepsi