News Brief
PepsiCo, Pepsi Bottling Buy Russian Bottler
Mar 18, 2008, 5:00 AM
The companies bought 100% of Sobol-Aqua JSC through their joint venture in Russia, PR Beverages Ltd.
The entire Sobol enterprise includes a production facility in Novosibirsk, Russia that manufactures Sobol brands and currently co-packs various Pepsi products.
The transaction is expected to close in the second quarter of 2008. Financial terms were not disclosed.
--Nina M. Lentini
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