Five counties in PepsiCos Charlotte franchise area have been acquired by Pepsi Bottling Ventures, the Raleigh-based bottler announced Monday.
The acquired territory is serviced by three PepsiCo facilities in the Charlotte area: Pepsi-Cola Bottling Company on South Boulevard in Charlotte, Pepsi Bottling Group on Terminal Street in Charlotte and Pepsi Bottling Group in Midland. All three facilities will now be operated by Pepsi Bottling Ventures in an effort to expand its footprint in the region.
The three acquired Charlotte facilities employ more than 200 people altogether. Pepsi Bottling Ventures is still evaluating how the acquisition will affect PepsiCos Charlotte employees, said George Suddath, vice president of corporate affairs for Pepsi Bottling Ventures.
The acquisition is part of a larger deal between Pepsi Bottling Ventures and PepsiCo. In March, PepsiCo agreed to swap five counties in North Carolina Mecklenburg, Cabarrus, Union, Stanly and Anson for 11 counties in Vermont and 18 counties in Idaho.
No financial details of the deal were disclosed.
The Charlotte area has served as one of the first and oldest PepsiCo franchises. In 1905, Caleb Bradham, inventor of Pepsi-Cola, awarded a bottling franchise Pepsi-Cola Bottling Company to Charlotte.
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