Packaged Beverages

The agreement includes Brazil's coconut water brands, Kero Coco and Trop Coco as well as two manufacturing facilities.

The total value of the shares that PepsiCo will be acquiring is about $7.8 billion, and the acquisitions are expected to create one of the largest food and beverage companies globally.

Jill Beraud named PAB CMO and president-joint ventures and succeeds NAB CMO Dave Burwick.

PBG has now completed four U.S. bottler acquisitions since the beginning of 2008.

The new CEO replaces Jeffrey Ansell, who is leaving the company to pursue other interests.

As PepsiCo continues to accelerate the innovation in its global beverage business, McIntyre will lead the R&D beverage transformation agenda worldwide.

The initiative is expected to reduce virgin plastic consumption by 8.1 million pounds per year.

Coca-Cola Great Britain unveils the world's biggest recycled artwork to mark Recycle Week.