Coke and Pepsi execs expressed measured satisfaction Monday about the mergers with their big North American bottlers, AJC staffer Jeremiah McWilliams reports.
PepsiCo bought its two largest North American bottlers in February, and Coca-Cola acquired the North American wing of Atlanta-based bottler Coca-Cola Enterprises in October. Both deals were worth billions of dollars and required executives to mesh massive organizations.
At a Beverage Digest conference in Manhattan, PepsiCo chief executive Indra Nooyi said the integration has been done fairly well, McWilliams reports. PepsiCo aims to achieve $400 million in pre-tax savings from the bottling acquisitions by 2012.
But “if I said the integration was going swimmingly well, I’d be lying,” Nooyi said Monday. “It’s a challenging integration.”
In a later presentation, Sandy Douglas, president of Coke North America, said the merged company is “off to a good start,” six weeks into Coke’s new ownership of a vast U.S. bottling network, McWilliams writes.
Also in the AJC:
In other media:
- Henry Unger, The Biz Beat
For instant updates, follow me on Twitter.