Pepsi to buy bottling firm in Siberia

Pepsi Bottling Group Inc and PepsiCo Inc said on Monday they have agreed to acquire Sobol-Aqua JSC, a privately held Russian bottling company.

The companies said they will buy the entire Sobol enterprise through their joint venture in Russia, PR Beverages Limited. The acquisition includes a production facility in Novosibirsk, Russia, that makes the Sobol brand and currently co-packs various Pepsi products.

The transaction is expected to close in the second quarter and financial terms were not disclosed.

sections: Economics, World News, Region News
regions: Siberian region