PepsiAmericas, Inc. (NYSE: PAS) is the second largest bottler of Pepsi-Cola products. It is licensed to produce PepsiCola carbonated and non-carbonated beverages, like Pepsi and Mountain Dew, as well as Cadbury-Schweppes Yoohoo. PAS also produces a number of other beverages under its own subsidiaries. PepsiAmericas operates in 15 countries around the world , mainly Central and Eastern Europe and the Carribean, including 19 states throughout the U.S.
The company is dependent on the U.S. and the Caribbean for the majority of its sales. PAS is also subject to increasing raw materials costs, which are the main factors to its overall business. For example, PAS uses aluminum for its soft-drink cans, as well as plastics for its soft-drink bottles.
On April 20, 2009, Pepsico (PEP) offered to acquire PepsiAmericas in a stock and cash deal. Under the terms of the offer, PepsiAmericas shareholders will receive $11.64 in cash and .223 Pepsico (PEP) shares per share of PAS. Pepsico (PEP) already owns 43% of the bottler and hopes to streamline manufacturing and distribution through the acquisition.
PepsiAmericas Inc. is the second largest producer, seller, and distributor of PepsiCo beverages, behind Pepsi Bottling Group (PBG). It operates in three geographic segments: the U.S. (Midwest), Central and Eastern Europe (CEE), and the Caribbean. Its geographic coverage lets it serve close to 200 million customers.
PepsiAmericas sells a variety of carbonated and non-carbonated beverages. Its main products are carbonated soft-drinks, as its top selling products are Pepsi, Diet Pepsi, and Mountain Dew.
It also sells and distributes brands from other beverage companies (such as Cadbury Schweppes (CSG)), as well as some of its own brands (including acquired companies). It also distributes snack foods in parts of the Caribbean and CEE through an agreement with FritoLay, a PepsiCo subsidiary.
For the most part PAS doesn't compete directly with other bottlers.
Other companies that provide similar products and services are as follows: