Suntory Buys Pepsi Cola Bottling Unit in South Carolina

Japanese beverage maker Suntory said on Dec. 4 it had bought a Pepsi bottler in South Carolina as part of its global expansion efforts. Privately owned Suntory said its U.S.-based joint venture subsidiary Pepsi Bottling Venture will pay 10 billion yen (US$113 million) to buy the assets of Pepsi Cola Bottling Co. of Conway-Myrtle Beach, Inc. "We believe the purchase will create synergy effects and benefit our North American operations," said a Suntory spokesman. "This is part of our long history of expansion efforts in foreign markets." [...more]

News, Non-Alcoholic Comments (0)