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Dr Pepper Snapple Group Debuts Today on NY Stock Exchange |
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Wednesday, 07 May 2008 |
PLANO, Texas: Dr Pepper Snapple Group, Inc. will be listed on the New York Stock Exchange beginning today. Its listing marks the official separation of Cadbury Schweppes Americas Beverages from Cadbury Schweppes plc.
The DPS brand portfolio includes flavored carbonated soft drinks, ready-to-drink teas, juices, mixers, waters and other premium beverages. The company had 2007 full-year revenues of $5.7 billion.
"Today marks the beginning of a new era for our business. We have a strong and sustainable business model and can leverage our integrated system for future growth," said Larry Young, president and chief executive officer of DPS. "We have confidence in the beverage industry and we are looking forward to seizing the opportunities as a stand alone company."
In addition to its flagship Dr Pepper and Snapple brands, the DPS portfolio includes 7UP, Mott's, A&W, Sunkist Soda, Hawaiian Punch, Canada Dry, Schweppes, RC Cola, Diet Rite, Squirt, Penafiel, Yoo-hoo, Rose's, Clamato and Mr & Mrs T mixers among other well-known consumer favorites.
"Our CSD portfolio continues to grow and our non-carbonated brands have regained momentum. We've also made strategic bottling and distributing acquisitions that are improving our capabilities and protecting the equity of our brands. The success we're realizing with today's listing has been a lengthy process and we're looking forward to solely focusing on the beverage business," said Young.
The DPS business was formed in 2003 by bringing together Cadbury Schweppes' four separate North American beverage business units: Dr Pepper/Seven Up, Mott's, Snapple Beverage Group and Bebidas Mexico. This move brought more than 50 brands under a common vision, business strategy and management structure.
In 2006, the company acquired and began integrating three major independent bottling companies (Dr Pepper/Seven Up Bottling Group, All-American Bottling Company and Seven Up Bottling Company of San Francisco). The following year, the company acquired Southeast-Atlantic Beverage Corp., then the second largest independent bottling company in the U.S.
This integration, along with the other bottler and distributor acquisitions completed since 2006, established a broad-scale manufacturing and distribution footprint that reaches approximately two-thirds of the U.S. population.
SOURCE Dr Pepper Snapple Group, Inc. Copyright (C) 2008 PR Newswire. All rights reserved
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