Pepsi Beverages Company, a division of PepsiCo Inc., on April 19 announced that it has completed its acquisition of Pepsi-Cola Bottling Company of Yuba City Inc. Financial terms of the transaction were not disclosed.
The Yuba City, Calif.-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.
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. Its main businesses – Frito-Lay, Quaker, Pepsi-Cola, Tropicana and Gatorade - also make hundreds of other foods and drinks for consumers in more than 200 countries.
