Dr Pepper Snapple Group set to acquire Davis Beverage Group, Davis Bottling Co.
PLANO, Texas — Dr Pepper Snapple Group has signed a non-binding letter of intent to acquire the business assets of Davis Beverage Group and Davis Bottling Co.
If completed, the acquisition would include most of Davis’ direct store delivery territory in Pennsylvania and a portion of its New Jersey territory, as well as its production and distribution facilities, delivery vehicles, vending equipment and other assets.
Based in Bethlehem, Pennsylvania, Davis Beverage Group distributes a wide range of DPS’s brands — including 7UP, Snapple, A&W, Canada Dry and Sunkist — to a 42-county territory covering most of the eastern half of Pennsylvania, excluding the Philadelphia area, and Western and Central New Jersey. Davis also carries a number of other non-carbonated products, including several third-party brands that already have significant distribution agreements with DPS: Bai5, FIJI, Vita Coco and Neuro.
In addition to bottling carbonated soft drinks in a wide range of PET package sizes, Davis Bottling Co. currently produces IBC, Stewarts and Crush in glass bottles and Orangina in 1.75 liter PET for DPS on a contract basis.
Larry Young, president and CEO of DPS, said the proposed acquisition would build on the company’s efforts to strengthen its route to market, improve operating efficiency and leverage its integrated business model.
“Davis has proudly served customers and consumers for more than 70 years and been a great partner to us both as a distributor of our brands and as a contract manufacturer,” said Young. “We’re excited about the possibility of building on their great heritage while nearly doubling our direct store delivery footprint in Pennsylvania and adding their glass bottling capabilities.”
DPS and Davis have begun due diligence and hope to complete the sale in the fourth quarter of this year. The financial terms of the transaction will not be disclosed; however, any final agreement will not have a material impact to DPS’s financial statements.
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Target announces availability of flu vaccines at pharmacy, clinic locations
MINNEAPOLIS — Target announced on Thursday that flu vaccines are now available at all Target Pharmacy and Target Clinic locations nationwide.
Target will offer guests quadrivalent, trivalent and high dose. In addition, FluMist will be available later this month. All vaccines are also available in preservative-free options, the company noted.
“At Target, we know that prevention is key when it comes to keeping families healthy during the cold and flu season,” stated Kevin Ronneberg, medical director, Target. “We’re pleased to provide a variety of vaccine products to meet the needs of all our guests, including traditional shots as well as the nasal spray."
At Target, trained pharmacists and/or nurse practitioners administer flu vaccines, with no appointment necessary. Target pharmacies and clinics accept most insurance plans. In addition, flu vaccines are included in the Pharmacy Rewards program. Guests who enroll in Pharmacy Rewards and fill five eligible prescriptions at Target Pharmacy earn 5% off a day of Target shopping. Pharmacy Rewards savings can be added to the everyday 5% discount for REDcard holders, the company stated.