Pepsi Bottling Ventures to Acquire Bottling Businesses in Idaho
January 12, 2009
by Canadian Packaging Staff
Pepsi Bottling Ventures, LLC (PBV), the U.S’s third-largest anchor bottler for Pepsi-Cola, has announced it has signed a Letter of Intent to purchase the Nagel Beverage Company of Boise and the Pepsi-Cola Bottling Company of Twin Falls, both Pepsi-Cola independent franchise bottlers based in Idaho. The terms of the Letter of Intent provide for a closing by the end of February 2009.
Nagel Beverage was established in 1895 by John Nagel Sr., Pepsi-Cola Bottling of Twin Falls was established in 1935 as a Nagel-Levander family partnership. Nagel family-owned businesses have a state-of-the-art manufacturing and sales distribution facility in Nampa, Idaho and sales distribution centers in Twin Falls, McCall, and Sun Valley, Idaho.
PBV president and CEO Keith Reimer says, "We have great admiration for the strong Pepsi franchise the Nagel family has built in Idaho. We believe our two companies share a common heritage of valuing tradition, a commitment to the communities we serve, and building our business on the foundation of relationships and customer service. We welcome Nagel Beverage and Twin Falls Pepsi to the PBV family."
PBV is headquartered in Raleigh, NC and offers more information at iots website: www.pepsibottlingventures.com.