Dr Pepper Snapple Group Acquires Assets Of Davis Beverage Group And Davis Bottling Co.
DPS adds glass package manufacturing capabilities and distribution territory
“As we blend their proud heritage and experience with our own history of flavor leadership and excellence in execution, customers in Pennsylvania and New Jersey can look forward to receiving great brands delivered with outstanding customer service.”
PLANO, Texas, November 3, 2014 –(BUSINESS WIRE)–Dr Pepper Snapple Group (NYSE: DPS) has completed its acquisition of the business assets of Bethlehem, Pa.-based, Davis Beverage Group and Davis Bottling Co. The acquisition includes a 42-county distribution territory covering most of the Eastern half of Pennsylvania, excluding the Philadelphia area, as well as Western and Central New Jersey.
Through the deal, DPS gains glass package manufacturing capabilities and assumes control of the distribution of many of its brands, including 7UP, Snapple, A&W, Canada Dry and Sunkist, as well as allied brands such as Bai5, FIJI, Vita Coco and Neuro, among others, in the newly acquired territory.
The expansion builds on the company’s efforts to strengthen its route to market, improve operating efficiency and leverage its integrated business model.
“We’re pleased to welcome the Davis business to DPS,” said Rodger Collins, DPS president of Packaged Beverages. “As we blend their proud heritage and experience with our own history of flavor leadership and excellence in execution, customers in Pennsylvania and New Jersey can look forward to receiving great brands delivered with outstanding customer service.”
Collins added that most of the existing Davis workforce has joined DPS and that the company may hire additional employees to serve customers as they continue to assess the market’s needs.
The financial terms of the transaction were not disclosed but will not have a material impact to DPS’s financial statements.
About Dr Pepper Snapple Group
Dr Pepper Snapple Group (NYSE: DPS) is a leading producer of flavored beverages in North America and the Caribbean. Our success is fueled by more than 50 brands that are synonymous with refreshment, fun and flavor. We have 6 of the top 10 non-cola soft drinks, and 13 of our 14 leading brands are No. 1 or No. 2 in their flavor categories. In addition to our flagship Dr Pepper and Snapple brands, our portfolio includes 7UP, A&W, Canada Dry, Clamato, Crush, Hawaiian Punch, Mott’s, Mr & Mrs T mixers, Peñafiel, Rose’s, Schweppes, Squirt and Sunkist soda. To learn more about our iconic brands and Plano, Texas-based company, please visit DrPepperSnapple.com. For our latest news and updates, follow us at Facebook.com/DrPepperSnapple or Twitter.com/DrPepperSnapple.
SOURCE: Dr Pepper Snapple Group