Pepsi Investing in China

March 29/Shanghai/Associated Press -- PepsiCo Inc. announced it received all the regulatory and shareholder approval it needs to secure a stake in Chinese drinks maker Tingyi Holding Corp.

The U.S. beverage and food company has said it planned to swap its holdings in its mainland China bottling operations for a stake in Tingyi to beef up its distribution in the fast-growing Chinese market.

PepsiCo transferred its interests in its bottling operations in China to Tingyi-Asahi Beverages Holding Co., acquiring in return a 5% indirect stake in Tingyi's drinks subsidiary. PepsiCo has the option to increase that stake to 20% by 2015.

From the April 2, 2012, Prepared Foods’ Daily Update

Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!

Switching from plastic to paper-based packaging often comes with new challenges. This webinar will explore how an ovenable, fiber-based packaging solution can deliver the benefits of plastic with 90% less plastic usage.

The Winter Fancy Food Show is where specialty food makers go to exhibit their newest and best products and where buyers go to find their next bestsellers.