PepsiCo Completes Acquisition of 2 Biggest Bottlers

PepsiCo Inc., the world’s second- largest soda maker, said it completed the $7.8 billion acquisitions of its two largest bottlers.

The takeovers, which give Purchase, New York-based PepsiCo control of about 80 percent of its North American beverage market, will provide about $400 million annually in savings and increased revenue by 2012, the company said in a statement.

“The integration of the bottling companies into PepsiCo is going to be effortless,” Chairman and Chief Executive Officer Indra Nooyi said today during a call with reporters. “We feel good about where we are.”

Read Full Article from BusinessWeek

- Posted: 2010-03-01 10:46:16

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