• June 8, 2007

PepsiAmericas and PepsiCo have reached an agreement to jointly acquire 80% of Sandora, LLC, the leading juice company in Ukraine. The acquisition, for a total purchase price of $542 million plus assumed debt, provides PepsiAmericas and PepsiCo a strong platform for growth in the emerging Ukrainian market.

Ukraine is one of the fastest growing beverage markets in Europe with more than 46 million consumers. Sandora has established itself as the leader in the high growth juice category with a range of distinctly positioned brands that represent approximately half of the total juice volume consumed in Ukraine.

The joint venture expects to acquire the remaining 20% interest in Sandora in November.--Nina M. Lentini