The origins of the Yuba City based company date back to 1944, when John Cary Sr purchased the local Pepsi-Cola franchise.It has been a successful family owned and operated business ever since, with John Cary II serving as the company’s president since 1989.
“Acquiring well run independent bottlers continues to be an important part of our strategy to capitalise on geographic growth opportunities,” said PBG chairman and chief Executive Officer Eric Foss.
“The Cary family has operated a terrific company for more than six decades. Their business, as well as their talented employees, will strengthen our organisation. We look forward to building on their commitment to customer service and community involvement in the years to come.”
PBG expects the transaction to be completed during the second quarter of 2010. This is the sixth in a series of deals that PBG has announced since the beginning of 2008 to expand the company’s US footprint.
Source: Pepsi Bottling Group
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