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Pepsi Bottling group Will Remain Open to Non-PepsiCo Brands like Crush orange soda or Dr Pepper Snapple Group
By Caroline Mittermair for CEOWORLD Magazine Updated:October 6, 2009
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Pepsi Bottling Group Inc.(NYSE:PBG) plans to continue seeking brands to distribute beyond PepsiCo Inc.’s (ETR:PEP) after its takeover by the soft-drink maker.
Pepsi Bottling already distributes non-PepsiCo brands including Crush orange soda made by Plano, Texas-based Dr Pepper Snapple Group Inc.
The Purchase, N.Y.-based PepsiCo locked in a deal to buy its two biggest U.S. bottlers after months of trying. The company says the $7.8 billion deal will help it cut costs and compete better in North America by getting to market quicker with new products.
Eric Foss, now chairman and CEO of The Pepsi Bottling Group, will lead the new business unit, to be called PepsiCo Bottling North America. Robert Pohlad, CEO and chairman of Minneapolis-based PepsiAmericas (NYSE: PAS), will serve on an advisory board that’s overseeing integration of the two bottlers.
“We would expect to continue to look for brands beyond PepsiCo, to make sure we have the most powerful lineup,” Pepsi Bottling Chairman and Chief Executive Officer Eric Foss said today on a conference call.
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