Pepsi to buy bottling firm in Siberia
Pepsi Bottling Group Inc and PepsiCo Inc said on Monday they have agreed to acquire Sobol-Aqua JSC, a privately held Russian bottling company.
The companies said they will buy the entire Sobol enterprise through their joint venture in Russia, PR Beverages Limited. The acquisition includes a production facility in Novosibirsk, Russia, that makes the Sobol brand and currently co-packs various Pepsi products.
The transaction is expected to close in the second quarter and financial terms were not disclosed.
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