0.13%SPY 128.17 
0.54%WM 4.65 20.10%
Digg
Del.icio.us
Newsvine 
Facebook
Stumbleupon
SOMERS, N.Y. - PepsiCo Inc. and its bottler Pepsi Bottling Group Inc. said Monday it bought Russian beverage company Sobol-Aqua JSC through a joint venture.
The financial terms of the deal were not disclosed.
The deal is expected to close in the second quarter of 2008.
The joint venture, called PR Beverages Ltd., will buy all of privately held Sobol, including a production facility in Novosibirsk, Russia, that makes Sobol brands and co-packs various Pepsi products.
Pepsi Bottling Group Chief Executive Eric Foss said the deal "jumpstarts our manufacturing presence in the region" and allows the company to expand into Siberia and Eastern Russia.
Gold experienced a second day of heavy liquidations, following yesterday oil-led and hawkish Fed-induced rout. Significant losses in the euro wer...
China's largest city and the host of a dozen Olympic soccer matches started...
The popular online hangout Facebook is sporting a new look to reflect changes in how its members communicate with each other and how they share p...
|
Professional Website Design For Corporate - Get a Free Quote Today
Find the most up to date research from leading investment firms to make the most informed investing decisions
Partners  
|
© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives
EMAIL
PRINT
RSS
SHARE
1.53
-0.05
