PepsiAmericas and CABCORP Complete Joint Venture in Central America and Caribbean

Our Caribbean business combined with CABCORP is a great fit, providing scale, expertise and a strong platform for growth and geographic expansion," said Kenneth E. Keiser, President and COO of PepsiAmericas

07/07/09 PepsiAmericas, Inc. and the Central America Beverage Corporation (CABCORP) announced that they have completed the strategic joint venture that combines the entities’ Central American and Caribbean bottling operations, excluding the Bahamas.

"Our Caribbean business combined with CABCORP is a great fit, providing scale, expertise and a strong platform for growth and geographic expansion," said Kenneth E. Keiser, President and COO of PepsiAmericas.

Under the agreement, CABCORP will hold an 82 percent ownership interest, with PepsiAmericas controlling the remaining 18 percent.