Pepsi j.v. finalizes Russian beverage maker purchase
May 06, 2008
by Eric Schroeder
SOMERS, N.Y. — The Pepsi Bottling Group, Inc. and PepsiCo, Inc., through their PR Beverages Ltd. joint venture in Russia, have finalized their acquisition of Sobol-Aqua JSC, a beverage manufacturing company in Russia. Financial terms were not disclosed.
The acquisition, which originally was announced in March, is expected to jumpstart PR Beverages manufacturing presence in the region and expansion into Siberia and Eastern Russia.
The acquisition includes a production facility in Novosibirsk, Russia, that manufactures Sobol-Aqua brands and co-packs various Pepsi products.