Dr Pepper Snapple Group Signs Agreement to Reacquire Distribution Rights for Snapple and Other Brand
Dr Pepper Snapple Group Signs Agreement to Reacquire Distribution Rights for Snapple and Other Brands in Asia-Pacific
PLANO, Texas--(BUSINESS WIRE)-- Dr Pepper Snapple Group (NYS: DPS) today announced that it has reached an agreement with Mondeléz International, Inc. to reacquire the distribution rights for Snapple and several other non-carbonated beverage brands in parts of Asia-Pacific.
The company will have the rights to distribute Snapple in Australia, Malaysia, Singapore, China, Hong Kong, Japan and South Korea. In Australia, the company also will have distribution rights for Mott's, Mr & Mrs T, Clamato, Mistic, Holland House and Yoo-hoo.
"This agreement enables us to explore opportunities for expanding the presence of Snapple and other non-carbonated brands in an important region of the world," said Jim Johnston, president - Beverage Concentrates and Latin America Beverages. "Obtaining the distribution rights to Snapple and other brands in Asia-Pacific gives us a foothold in a growing market that we can tap for future development over time."
Terms of the agreement were not disclosed. The company said it does not anticipate that the acquisition will have any material effect on its 2013 financial results.
About Dr Pepper Snapple Group
Dr Pepper Snapple Group (NYS: DPS) is a leading producer of flavored beverages in North America and the Caribbean. Our success is fueled by more than 50 brands that are synonymous with refreshment, fun and flavor. We have 6 of the top 10 non-cola soft drinks, and 13 of our 14 leading brands are No. 1 or No. 2 in their flavor categories. In addition to our flagship Dr Pepper and Snapple brands, our portfolio includes 7UP, A&W, Canada Dry, Clamato, Crush, Hawaiian Punch, Mott's, Mr & Mrs T mixers, Peñafiel, Rose's, Schweppes, Squirt and Sunkist soda. To learn more about our iconic brands and Plano, Texas-based company, please visit www.DrPepperSnapple.com. For our latest news and updates, follow us at www.Facebook.com/DrPepperSnapple or www.Twitter.com/DrPepperSnapple.
Dr Pepper Snapple Group
Chris Barnes, 972-673-5539
KEYWORDS: United States Asia Pacific North America Texas
The article Dr Pepper Snapple Group Signs Agreement to Reacquire Distribution Rights for Snapple and Other Brands in Asia-Pacific originally appeared on Fool.com.
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