Pepsi Bottling buys Colorado bottler
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- September
- 24
Pepsi Bottling Group Inc. is expanding its service territory in several fast growing Western states with an agreement to buy Lane Affiliated Cos. Inc., the eighth largest Pepsi bottler in the United States.
Lane, a family-owned business founded more than 70 years ago, is based in Colorado Springs, Colo. Its service region includes parts of Colorado, Arizona and New Mexico.
It is Pepsi Bottling’s biggest acquisition of a U.S. bottler since the Somers-based company publicly listed its stock in 1999.
The sales price was undisclosed.
“Once completed, the deal will strengthen our operations by expanding our footprint across contiguous territories and enhancing our ability to meet the needs of our customers,†said Eric Foss, president and chief executive officer of Pepsi Bottling.
Lane, which employs about 600 workers, operates production plants in Colorado Springs and Tucson, Ariz. The sale is expected to be finalized during the fourth quarter.
Pepsi Bottling, the world’s largest manufacturer and distributor of Pepsi-Cola beverages, has annual sales of nearly $14 billion and more than 70,000 employees worldwide. In addition to the United States, Pepsi Bottling operates in Canada, Mexico, Russia, Spain, Turkey and Greece.
This entry was posted
on Wednesday, September 24th, 2008 at 12:39 pm by Jay Loomis.
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