Lebedyansky is the world's sixth-largest juice manufacturer and the
largest in
"We're looking forward to building Lebedyansky's portfolio of strong,
popular brands in one of the world's fastest-growing juice markets," said
"The combination of our strong brand portfolio, superior go-to-market
capabilities, and talented workforce has enabled PBG to build a strong and
growing business in
Under agreements reached, PepsiCo and PBG have acquired through a joint venture the 75.53% of Lebedyansky held by its four largest individual shareholders. The venture is owned 75%/25% by PepsiCo and PBG, respectively.
The approximately
Additional terms of the agreement were not disclosed. PepsiCo and PBG indicated the transaction will not materially affect their previously provided guidance for 2008.
Today PepsiCo and its strategic bottling and distribution partner, The
Pepsi Bottling Group, provide more than 7,000 jobs in
JSC Lebedyansky (RTS: LEKZ, MICEX: LBDO) is the leading company in the
Russian juice market. Its production volumes grew more than 30-fold between
1999 and 2007, while its share of the Russian juice market quadrupled. JSC
Lebedyansky's volume market share in the Russian juices/nectars category is
over 30%. The Company manages a well-balanced portfolio consisting of premium
segment brand "Ya", medium segment brands "Frustyle" and "Tonus", and value
segment brands "Fruktovy Sad", "Privet", and "Dolka". JSC Lebedyansky has a
well-developed distribution network that covers all of
PepsiCo (NYSE: PEP) is one of the world's largest food and beverage
companies, with 2007 annual revenues of more than
The Pepsi Bottling Group, Inc. (NYSE: PBG) is the world's largest
manufacturer, seller and distributor of Pepsi-Cola beverages. PBG accounts for
more than one-half of the Pepsi-Cola beverages sold in
Cautionary Statement
This release contains statements concerning PepsiCo's and The Pepsi Bottling Group's expectations for future performance, including 2008 guidance. These "forward-looking statements" are based on currently available information, operating plans and projections about future events and trends. They inherently involve risks and uncertainties that could cause actual results to differ materially from those predicted in such forward-looking statements. Such risks and uncertainties include, but are not limited to: changes in demand for PepsiCo's and The Pepsi Bottling Group's products, as a result of shifts in consumer preferences or otherwise; the ability of PepsiCo and The Pepsi Bottling Group to maintain their respective reputations and build and sustain their information technology infrastructures; fluctuations in the cost and availability of raw materials; the respective abilities of PepsiCo and The Pepsi Bottling Group to compete effectively; disruption of supply chain; trade consolidation; the loss of any key customer; unforeseen costs and complexities that may prevent us from realizing our expected rate of return on the acquired business; changes in the legal or regulatory environment; the ability to hire or retain key employees or to outsource certain functions effectively; unfavorable economic, environmental or political conditions in the countries where PepsiCo and The Pepsi Bottling Group operate; and market risks arising from changes in commodity prices, foreign exchange rates and interest rates. For additional information on these and other factors that could cause PepsiCo's or The Pepsi Bottling Group's actual results to materially differ from those set forth herein, please see their respective filings with the Securities and Exchange Commission, including their most recent annual reports on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. PepsiCo and The Pepsi Bottling Group undertake no obligation to update any forward looking statements, whether as a result of new information, future events or otherwise.
SOURCE PepsiCo