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PepsiCo, Purchase, N.Y., has acquired two of its largest bottlers for $7.8 billion, boosting its annual revenue to nearly $60 billion and making the company the largest food and beverage business in North America, it said.
The company will combine The Pepsi Bottling Group Inc. and PepsiAmericas Inc. bottling operations under the name Pepsi Beverages Co., said Indra Nooyi, PepsiCo's chairwoman and chief executive officer.
"With the completion of this acquisition we will have a unique set of strategic advantages," Nooyi said. "Clearly, we can pair our snacks with our beverages in the marketplace to provide unique offerings to retail and food service customers. Eighty percent of our North American sales and distribution system is now under one roof and this will enable us to realize greater operating efficiencies...