PepsiCo rejoicing on Acquisition of 2 Biggest Bottlers
The second largest soda manufacturer in the world, PepsiCo, has completed its $7.8 billion acquisitions of its two largest bottlers.
The takeovers made by PepsiCo has provided it the Purchase, control of about 80 percent in the North American beverage market, which will further provide it about a $400 million savings annually with a increased revenue by
2012.
According to the company officials the integration of both the bottling companies into PepsiCo is going to be effortless.
For the 2 new bottling acquisitions the company has crafted a new unit after the deal got a nod in August to buy Somers, New York-based Pepsi Bottling Group Inc. and Minneapolis-based PepsiAmericas Inc.
The unit has been setup to evolve independent brands, including Muscle Milk, which is a protein drink popular amongst the weight lifters.
PepsiCo expects its earnings per share, to incline by 11 percent to 13 percent in 2010.