PepsiCo completes acquisition of two largest bottlers

PEPSICO has completed the US$7.8 billion strategic acquisitions of its two largest bottlers, The Pepsi Bottling Group and PepsiAmericas.

With the completion of the mergers, PepsiCo is the largest food and beverage business in North America and the second-largest in the world.

PepsiCo chairman and CEO, Indra Nooyi said the merge is intended to increase flexibility and efficiency in the food and beverage industry, particularly in the savoury snack sector.

“This investment opens up a broad range of new growth opportunities around the world, particularly in North America, which accounts for the majority of our revenues and offers the prospect of significant growth,” Nooyi said.

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