Under the terms of the agreement, P&G will acquire Ambi Pur, a global air care brand with presence in 80 countries, as well as several toilet care products with strong presence in Western Europe and Asia.
PepsiCo will be entitled to manufacture and distribute Dr Pepper and certain other DPS products in the territories where they are currently distributed by PBG and PAS.
P&G announces A.G. Lafley's retirement after 32 years, elects new chairman and new board member; Diageo appoints new president, chief marketing and innovation officer; and Kellogg Company promotes candidate to new CFO.