PepsiAmericas, Inc. yesterday announced that it has acquired the remaining 51 percent of the common stock of Quadrant-Amroq Bottling Company Limited (QABCL), making it a wholly owned subsidiary. QABCL produces, sells and distributes Pepsi and other beverages throughout Romania, with distribution rights in Moldova. Discussing the company's investment strategy in Central Europe, Robert C. Pohlad, chairman and chief executive officer of PepsiAmericas said, "This acquisition fits well with our growth strategy, extending our geographic footprint in a high growth market. Contiguous to our existing operations, this acquisition will allow us to leverage our capabilities, infrastructure and go to market system we have built over the last five years in Central Europe. QABCL has enjoyed strong volume and profit growth, adding to the strength of our international portfolio." Romania is expected to enter into the European Union as early as 2007. PepsiAmericas paid 98 million dollars for the remaining 51 percent interest in QABCL, and expects the transaction to be accretive to earnings. PepsiAmericas is the world's second-largest manufacturer, seller and distributor of PepsiCo beverages with operations in 19 U.S. states, Central Europe and the Caribbean.
Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels
