With nearly 450 employees, Ab-Tex bottles, packages and distributes several leading beverage brands, including Pepsi-Cola, Dr Pepper, Mountain Dew, 7UP and Sunkist. Headquartered in Abilene, Texas, Ab-Tex operates in 125 counties across central Texas and has been owned and operated by the Massey family for more than 70 years.
“PBG has a great track record of creating shareholder value through acquisitions of well-run independent bottlers, as they provide access to regional growth markets and enhance both the efficiency and effectiveness of our go-to-market system,” said PBG chairman and CEO, Eric Foss. “As the pace of bottler consolidation in the US accelerates, we’ll continue to capitalise on opportunities to expand our business.
“The Massey family and their outstanding employees have played important roles in the success of the Pepsi and Dr Pepper systems in Texas for many years. Adding Ab-Tex to the PBG family will further strengthen our business and position us well for long-term success.”
Ab-Tex will be the newest addition to a portfolio of independent regional bottlers that PBG has acquired since the beginning of 2008. Together, these bottlers generate over $300m in annual revenue. Previous transactions include:
Source: The Pepsi Bottling Group Inc
© FoodBev Media Ltd 2020