Dr Pepper Snapple, Pepsi buy alternative drinks makers
Beverage firms are diversifying into products perceived as healthier as soda sales fall
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DR Pepper Snapple Group Inc and PepsiCo on Tuesday both announced plans to buy alternative drinks makers, the latest examples of beverage companies branching into products perceived as healthier as soda sales decline.
Dr Pepper Snapple, which makes flavoured tea, juice drinks, 7UP and Schweppes sodas, will buy antioxidant beverages maker Bai Brands LLC for US$1.7 billion in cash, the companies said in a joint statement. Dr Pepper Snapple, which is based in Plano, Texas, already has a roughly 3 per cent stake in Bai and a distribution deal with the Hamilton, New Jersey-based company.
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