Pepsi Bottling Ventures concludes acquisition of Pepsi-Cola Roxboro

Pepsi Bottling Ventures (PBV) has closed the acquisition of Pepsi-Cola Roxboro, a franchise bottler based in North Carolina, US.

The financial details of the deal have not been divulged by the companies.

Pepsi Bottling Ventures president and CEO Paul Finney said: “We are very excited to be a part of the historic Roxboro community.

“Pepsi-Cola Roxboro has serviced the region with great integrity for many decades and has strong ties to the local community. We look forward to building on their legacy and are eager to bring new customers into the PBV family and introduce new beverage brands to their consumers.”

The deal will expand the Pepsi Bottling Ventures distribution and sales footprint in various US counties, including Caswell, Person, Granville and Orange.

PBV manufactures, sells and distributes Pepsi-Cola beverages in North America with 16 distribution locations in North Carolina, South Carolina, Maryland and Delaware.

Headquartered in Raleigh, North Carolina, the company offers beverage brands to more than nine million consumers.

Last March, PepsiCo brokered a deal to acquire Rockstar Energy for $3.85bn.

Established in 2001, Rockstar produces energy drinks in more than 30 different flavours, sold in convenience and grocery outlets in over 30 countries.

Additionally, PepsiCo agreed to provide nearly $700m of payments for future tax benefits related to the transaction that will be payable over five years.

PepsiCo signed a distribution agreement with Rockstar in North America in 2009.