Industry Beverage distribution Ceased operations February 26, 2010 | Website www.pepsiamericas.com | |
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Key people Robert C. Pohlad, Chairman & CEO Products PepsiSunny DelightHawaiian PunchLiptonDr. Pepper (for Dr Pepper Snapple Group)Country Time Lemonade (for Dr Pepper Snapple Group)Frappuccino (for Starbucks) Revenue $4.5 billion USD (2007) Subsidiaries Quadrant Amroq Beverages S.R.L., Sandora | ||
Pepsiamericas a bottler wholesaler in the pepsi channel of distribution
PepsiAmericas, Inc. was the world's second-largest bottler of Pepsi-Cola products, and also contracted to produce beverages for Dr Pepper Snapple Group and smaller regional brands. PepsiAmericas had 19 bottling plants in the United States and had a presence in 11 countries in Central/Eastern Europe and 5 countries in the Caribbean. PepsiAmericas was based in Minneapolis, Minnesota. PepsiCo, Inc. held a 41.1% stake in the company.
Contents
On April 20, 2009, PepsiCo offered to buy the remaining portion of PepsiAmericas it did not currently own, at an offer of $23.27 per share (or $11.64 in cash in addition to 0.223 PepsiCo shares, in exchange for each PepsiAmericas share). After facing regulatory review, PepsiCo's acquisitions of PepsiAmericas and another major Pepsi bottler, the Pepsi Bottling Group, were completed on February 26, 2010, forming a new, wholly owned subsidiary, the Pepsi Beverages Company.
Management
History
In 2000, Whitman Corp., a Pepsi bottler, purchased PepsiAmericas and took the acquired company's name. Whitman was founded as the Illinois Central Railroad. It later diversified out of railroads and into Pepsi bottling, going by the names Illinois Central Industries in 1962, IC Industries in 1975 and Whitman Corp. in 1988.