Carlsberg to buy two PepsiCo bottlers in Georgia and Armenia

Seeking Alpha··GEAMAZ·Read original
2▲2 ▼0Impact / 5
Summary · why it matters

Carlsberg A/S agreed to acquire two PepsiCo bottling businesses from Revery, adding Iberia Refreshments in Georgia and JI Pepsi Cola Bottler Armenia to its non-alcoholic beverage operations. Financial terms for the two deals were not disclosed. Once completed, Carlsberg will take responsibility for producing, selling, and distributing PepsiCo's soft drink portfolio in both countries, lifting the number of markets covered by Carlsberg's PepsiCo bottling arrangements to 17. Carlsberg plans to combine Georgia and Armenia with Azerbaijan, where it has separately agreed to become PepsiCo's bottler, into a South Caucasus operating cluster intended to support a wider beverage portfolio and shared production, sales, and distribution. PepsiCo SVP and GM of Internal Beverages Europe Natalia Filippociants said the expanded partnership is expected to help the company unlock the next phase of growth in the two markets.

Impact on assets 2

Consumer Staples▲ · 2 stocks
Carlsberg A/S B
0AI4
▲ PositiveCapitalrelevance

Carlsberg agreed to acquire two PepsiCo bottlers in Georgia and Armenia, expanding its non-alcoholic beverage operations.

PepsiCo Inc
PEP
▲ PositiveDemandrelevance

Carlsberg will produce, sell and distribute PepsiCo's soft drinks in Georgia and Armenia, expanding PepsiCo's bottling reach to 17 markets and supporting growth.

Off-coverage companies 3

ReveryPrivate± Mixed
Capitalrelevance

Revery is selling its two PepsiCo bottling businesses in Georgia and Armenia to Carlsberg, but terms and impact are undisclosed.

Iberia RefreshmentsPrivate± Mixed
Capitalrelevance

Iberia Refreshments in Georgia is being acquired by Carlsberg from Revery, but no financial terms or standalone impact are given.

JI Pepsi Cola Bottler ArmeniaPrivate± Mixed
Capitalrelevance

JI Pepsi Cola Bottler Armenia is being acquired by Carlsberg from Revery, with no financial terms disclosed.

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