Dr Pepper Snapple Group (NYSE: DPS) today announced that it has acquired the business assets and territory of Dr. Pepper/7-UP Bottling Company of the West, based in Reno, Nev. The acquisition includes rights to the Dr Pepper/7UP-West territory and ownership of its distribution operations in Reno; Chico, Calif.; and Boise, Idaho.
Dr Pepper/7UP-West serves a territory that includes northern Nevada as well as parts of northern and western California and Idaho. The bottler distributes Dr Pepper, Snapple, 7UP, Sunkist soda, A&W and RC Cola, as well as several DPS-allied brands, including Fiji, Neuro, Rockstar and Vita Coco.
“Since 2006, Dr Pepper Snapple has acquired a number of bottling businesses to strengthen our route to market in the U.S. and support efforts to build and enhance our leading brands,” said Rodger Collins, president – Packaged Beverages. “As with previous acquisitions, bringing Dr Pepper/7UP-West into DPS enables us to leverage the power of our integrated business model to drive executional excellence, improve customer service and get our brands into consumers’ hands with greater efficiency.”
Terms of the purchase were not disclosed. The company said it does not anticipate that the acquisition will have any material effect on its 2013 financial results.About Dr Pepper Snapple Group Dr Pepper Snapple Group (NYSE: DPS) is a leading producer of flavored beverages in North America and the Caribbean. Our success is fueled by more than 50 brands that are synonymous with refreshment, fun and flavor. We have 6 of the top 10 non-cola soft drinks, and 13 of our 14 leading brands are No. 1 or No. 2 in their flavor categories. In addition to our flagship Dr Pepper and Snapple brands, our portfolio includes 7UP, A&W, Canada Dry, Clamato, Crush, Hawaiian Punch, Mott's, Mr & Mrs T mixers, Peñafiel, Rose's, Schweppes, Squirt and Sunkist soda. To learn more about our iconic brands and Plano, Texas-based company, please visit www.DrPepperSnapple.com. For our latest news and updates, follow us at www.Facebook.com/DrPepperSnapple or www.Twitter.com/DrPepperSnapple.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV