PepsiAmericas and PepsiCo Complete Joint Acquisition

8/23/2007

PepsiAmericas Inc. and PepsiCo complete the joint purchase of 80 percent of Sandora LLC, a leading juice company in Ukraine. The joint venture expects to acquire the remaining 20 percent interest in Sandora in November 2007. "We're excited to extend our strong partnership with PepsiCo and begin working with the Sandora team and its market-leading brands to capture the growth opportunity in Ukraine," says Robert C. Pohlad, chairman and chief executive officer of PepsiAmericas. "We have a clear strategy to grow and expand our international business and Sandora is a great fit, providing immediate scale in a high growth market."