Honickman Group, of Pennsauken, will acquire Pepsi-Cola bottling operations on Long Island, N.Y. from another independent bottler, Pepsi Bottling Ventures L.L.C. (PBV)
Terms of the transaction, expected to be completed during the second quarter, were not disclosed.
Honickman’s Pepsi-Cola Bottling Co. of New York currently operates in New York City’s five boroughs and Westchester County.
“Nassau and Suffolk counties provide the requisite scale for us to reinvest significantly in our make-sell-deliver capabilities and partner with PepsiCo to proudly reinvigorate our presence in the greater New York market,” said Harold A. Honickman, chairman of the Philadelphia-area’s largest soft-drink bottler.
The sale was one of two transactions announced by PepsiCo Inc. Wednesday. In the other, the Purchase, N.Y. food and beverage company agreed to swap five counties of its company-owned territory in North Carolina to PBV in exchange for PBV’s 11 counties in Vermont and 18 counties in Idaho.