The terms of the LOI provide for a closing by the end of December 2009.
The Pepsi Conway-Myrtle Beach business, established by their grandfather William E Carpenter in the 1930s, is owned by sisters Anne Ervin and Hayden Quattlebaum.
The bottler’s franchise territory of Marion and Horry counties is serviced by Conway and Marion, SC sales and distribution centres. It includes Myrtle Beach and the Grand Strand, popular vacation destinations.
PBV president and CEO, Keith Reimer, said: “We’re very excited to welcome Pepsi of Conway-Myrtle Beach to the PBV family. Contiguous to PBV’s existing territory, this growing business is located in a vibrant area where the population is on the rise. The company has been known for their culture of providing superior customer service with strong ties to the local community. We look forward to building on those strengths and leveraging our scale and operating capability to further expand the Pepsi business in South Carolina.”
Source: Pepsi Bottling Ventures
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