Founded by Ross Lane more than 70 years ago, Lane Affiliated Companies is a family-owned business headquartered in Colorado Springs, Colo.
Its territories include portions of
Colorado, Arizona and New Mexico. The deal is Pepsi Bottling Group's largest acquisition of a U.S. bottler since becoming a publicly traded company in 1999.
The transaction is expected to be
completed during the fourth quarter of 2008. Financial terms were not disclosed.--Nina M. Lentini