Keurig Dr Pepper acquires strategic assets from Kalil Bottling Company, no terms

Keurig Dr Pepper announced an agreement to acquire all production, sales and distribution assets of independent bottler Kalil Bottling Co. With the agreement, KDP‘s company-owned direct-store-delivery operations will gain new bottling and distribution rights in Arizona to key KDP brands including Canada Dry, 7UP, A&W, Snapple and Core Hydration, servicing 7.4 million consumers and approximately 4,500 retail outlets. After the close of the transaction, KDP will operate a production facility in Tucson and sales and distribution centers in Tucson and Tempe. KDP expects to add approximately 425 employees in support of these new state-wide operations and will be working with Kalil to actively recruit from its existing talent base. The acquisition is expected to close in the third quarter of 2024. Terms of the agreement have not been disclosed.