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Pepsi Bottling Group is a manufacturer, seller, and distributor of Pepsi-Cola carbonated and non-carbonated beverages. Massey family is the owner and operator of Ab-Tex Beverage.
Ab-Tex Beverage has approximately 450 employees.
The acquisition is expected to be completed during the third quarter of 2009.
Deal Type Acquisition Sub-Category Majority Acquisition Deal Status Announced: 2009-06-08
Deal Participants
Target (Company) Ab-Tex Beverage, Ltd. Acquirer (Company) The Pepsi Bottling Group, Inc.
Deal Rationale
The acquisition would expand Pepsi Bottling Group's US territory and enhance its ability to meet customer needs. The transaction reflects the ongoing bottler consolidation in the US.
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