Tags: US | Coca | Cola | Dr | Pepper | Snapple

Coke Pays $715 Million to Distribute Dr Pepper

Monday, 07 Jun 2010 09:10 AM

The Coca-Cola Co. says it will distribute certain drinks made by Dr Pepper Snapple Group Inc. as part of a $715 million deal.

The agreement was announced Monday morning.

Under the terms of the deal, Coca-Cola will distribute Dr Pepper and Canada Dry ginger ale in the U.S. It will also distribute drinks in Canada. Dr Pepper Snapple gets a one-time $715 million payment from Coca-Cola.

The beverages have been distributed by Coca-Cola Enterprises Inc., which Coca-Cola is acquiring. Monday's agreement replaces an established deal between Coca-Cola Enterprises and Dr Pepper.

The new agreement will last for 20 years and includes renewal options.

As part of the deal, Dr Pepper and Diet Dr Pepper will be included in Coke's new freestyle fountain dispenser.

© Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

1Like our page
2Share
Companies
The Coca-Cola Co. says it will distribute certain drinks made by Dr Pepper Snapple Group Inc. as part of a $715 million deal.The agreement was announced Monday morning.Under the terms of the deal, Coca-Cola will distribute Dr Pepper and Canada Dry ginger ale in the U.S. It...
US,Coca,Cola,Dr,Pepper,Snapple
123
2010-10-07
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved