Dr Pepper Snapple Group (DPS: Quote) announced it has reached an agreement with Mondeléz International, Inc. to reacquire the distribution rights for Snapple and several other non-carbonated beverage brands in parts of Asia-Pacific.
Terms of the agreement were not disclosed. The company said it does not anticipate the acquisition to have any material effect on its 2013 financial results.
The company will have the rights to distribute Snapple in Australia, Malaysia, Singapore, China, Hong Kong, Japan and South Korea. In Australia, the company also will have distribution rights for Mott's, Mr & Mrs T, Clamato, Mistic, Holland House and Yoo-hoo.
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by RTT Staff Writer
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