Pepsi Bottling to acquire business in North Carolina
July 08, 2005
by FoodBusinessNews.net Staff
SOMERS, N.Y. — The Pepsi Bottling Group, Inc. announced today it has signed a letter of intent to acquire Pepsi-Cola Bottling Co. of Charlotte. The company is the ninth-largest Pepsi bottler in the U.S. and serves all or a portion of eight counties in North Carolina. Founded by Henry and Sadie Fowler, Pepsi Charlotte has been a family-owned and operated company for 100 years.
"We are very excited to welcome Pepsi Charlotte to the P.B.G. family," said John T. Cahill, chairman and chief executive officer of P.B.G. "Contiguous to P.B.G.’s existing territory, this is a growing business located in an area where the population is on the rise. Dale Halton has operated this company for the past 25 years in the tradition of her grandparents’ original vision. She has fostered a culture of attentive customer service and strong ties to the local community. We look forward to building upon these strengths and continuing to grow the Pepsi business in North Carolina."
Pepsi Charlotte employs approximately 400 people. Its operations include a manufacturing plant and warehouse in Charlotte, and two additional warehouses in Cherryville and Midland, N.C.
The transaction, which is subject to approval by the P.B.G. board of directors, is expected to close during the fourth quarter of fiscal 2005.