September 19, 2000 |
Cadbury Schweppes, the British company known for its bubbly tonic water, agreed Monday to buy the Snapple line of tea and juice drinks from Triarc Cos. The beverage and candy maker would also add Royal Crown, Diet Rite and Nehi to its roster of carbonated soft drinks led by 7-Up and Dr Pepper under the deal announced Monday with Triarc, based in New York. That would boost Cadbury's share of the $58-billion U.S. market for carbonated beverages by about 1.
July 27, 2000 |
Coca-Cola Co. said it had given up its planned acquisition of Cadbury Schweppes' beverage brands in Canada and Mexico because of regulatory concerns. The decision came less than two years after Coca-Cola, the world's largest soft drinks company, cut a $1.85-billion deal to buy the lion's share of the British sweets and soft drink maker's non-U.S. beverage brands.
July 4, 2000 |
Cadbury Schweppes, the third-largest soft-drink maker, said its Mott's apple products unit agreed to buy the Mauna La'i juice brand from Mauna La'i Tropicals for an undisclosed price. Mott's, the largest U.S. producer of applesauce and apple juice and the maker of Hawaiian Punch, expects the acquisition to close by midsummer. After the purchase, the Mauna La'i line would be produced at Stamford, Conn.-based Mott's factories. The transaction doesn't include any manufacturing sites or equipment.
September 2, 1999 |
British beverage and candy giant Cadbury Schweppes and a partner have agreed to buy Dr Pepper Bottling Co. of Texas for $283 million. Cadbury plans to merge the bottler with its own bottling company to form the largest independent soft-drink bottler in the United States. Cadbury and a Washington investment firm, Carlyle Group, also agreed to assume about $408 million in debt. The two companies plan to merge the Texas bottler with their own American Bottling Co., based in Darien, Ill.
June 9, 1999 |
Australia's antitrust regulator said it opposes the deal between Coca-Cola Co. and Cadbury Schweppes, posing yet another stumbling block for the global ambitions of the two soft drink giants. The Australian Competition and Consumer Commission ruled that revised terms of the companies' planned asset swap and sale remain unacceptable, that they would reduce rather than increase competition in Australia's soft drink market.
June 3, 1999 |
Coca-Cola Co. won clearance from the British government for its $1.1-billion purchase of soft-drink brands from London-based Cadbury Schweppes. The deal won't be referred to the U.K. Competition Commission, Secretary of State for Trade and Industry Stephen Byers said. Such a move would have further delayed completion of the sale, which was announced in December.
May 25, 1999 |
Coca-Cola Co. on Monday bowed to European regulators and agreed to scale down its proposed purchase of drink brands from Britain's Cadbury Schweppes. The world's largest soft-drink maker will now pay $1.1 billion for Cadbury brands such as Dr Pepper, Crush, Canada Dry and Schweppes in about 100 nations, after dropping European markets including Germany, Italy and Spain from the deal. The price is 40% less than the $1.85 billion reached in December involving more than 120 nations outside the U.S.
April 16, 1999 |
Britain's Cadbury Schweppes, maker of chocolates and beverages, agreed to buy Procter & Gamble Co.'s Hawaiian Punch brand for $203 million as it focuses its soft-drink business on the U.S. market. Cadbury said it will borrow dollars to pay for the top U.S. fruit-punch brand, which had sales of $133.3 million in the year through June 1998. The acquisition will boost earnings next year, Cadbury said.
November 5, 1998 |
Remember the "Uncola" commercials of the 1970s that 7 Up used to cleverly differentiate its lemon-lime soft drink from cola clones Pepsi and Coke? That's the problem facing 7 Up, the soft drink brand that's now owned by England's Cadbury Schweppes. In an industry where youthful consumers dominate sales, too many of the soft drink's fans are old enough to remember the popular television ad campaign's lilting island cadence and actor Geoffrey Holder's enchanting voice-overs.
January 27, 1995 |
In a move that would thrust it into the top ranks of the U.S. soft drink industry, Cadbury Schweppes offered $1.71 billion Thursday to acquire the remaining 74% of Dr Pepper/Seven-Up Cos. that it does not already own. The deal, which was accepted unanimously by Dr Pepper's board, would propel the London-based confectionery conglomerate to third from a distant fourth in the $49-billion U.S. soft drink market, behind superpowers Coca-Cola Co. and PepsiCo Inc.