Dr Pepper Snapple Group, Inc., Makes a Splash on the New York Stock Exchange
Beverage business separates from Cadbury Schweppes plc to become stand alone company
Dr Pepper Snapple Group, Inc., (NYSE: DPS) one of the leading refreshment beverage companies in North America, will be listed on the New York Stock Exchange beginning today. Its listing marks the official separation of Cadbury Schweppes Americas Beverages (CSAB) from Cadbury Schweppes plc.
The DPS brand portfolio includes flavored carbonated soft drinks, ready-to-drink teas, juices, mixers, waters and other premium beverages. Three quarters of the company's volume comes from brands that are either number one or two in their category. For each of the past four years, DPS has been the only major beverage business with year-over-year market share growth in the carbonated soft drinks segment. The company had 2007 full-year revenues of $5.7 billion.
"Today marks the beginning of a new era for our business. We have a strong and sustainable business model and can leverage our integrated system for future growth," said Larry Young, president and chief executive officer of DPS. "We have confidence in the beverage industry and we are looking forward to seizing the opportunities as a stand alone company."
In addition to its flagship Dr Pepper and Snapple brands, the DPS portfolio includes 7UP, Mott's, A&W, Sunkist Soda, Hawaiian Punch, Canada Dry, Schweppes, RC Cola, Diet Rite, Squirt, Penafiel, Yoo-hoo, Rose's, Clamato and Mr & Mrs T mixers among other well-known consumer favorites.
"Our CSD portfolio continues to grow and our non-carbonated brands have regained momentum. We've also made strategic bottling and distributing acquisitions that are improving our capabilities and protecting the equity of our brands. The success we're realizing with today's listing has been a lengthy process and we're looking forward to solely focusing on the beverage business," said Young.
The DPS business was formed in 2003 by bringing together Cadbury Schweppes' four separate North American beverage business units: Dr Pepper/Seven Up, Mott's, Snapple Beverage Group and Bebidas Mexico. This move brought more than 50 brands under a common vision, business strategy and management structure.
In 2006, the company acquired and began integrating three major independent bottling companies (Dr Pepper/Seven Up Bottling Group, All-American Bottling Company and Seven Up Bottling Company of San Francisco). The following year, the company acquired Southeast-Atlantic Beverage Corp., then the second largest independent bottling company in the U.S.
This integration, along with the other bottler and distributor acquisitions completed since 2006, established a broad-scale manufacturing and distribution footprint that reaches approximately two-thirds of the U.S. population.
To download bell ringing photos and new company and brand images and footage, go to: http://www.thenewsmarket.com/dps
About Dr Pepper Snapple Group
Dr Pepper Snapple Group, Inc., (NYSE: DPS) is an integrated refreshment beverage business marketing more than 50 beverage brands to consumers throughout North America. In addition to its flagship Dr Pepper and Snapple brands, the company's portfolio includes 7UP, Mott's, A&W, Sunkist Soda, Hawaiian Punch, Canada Dry, Schweppes, Squirt, RC Cola, Diet Rite, Penafiel, Rose's, Yoo-hoo, Clamato, Mr & Mrs T and other well-known consumer favorites. Based in Plano, Texas, Dr Pepper Snapple Group employs approximately 20,000 people and operates 24 bottling and manufacturing facilities and more than 200 distribution centers across the United States, Canada, Mexico and the Caribbean. For more information, please visit http://www.drpeppersnapple.com/
This press release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). These forward looking statements are based on a number of assumptions concerning future events and are subject to numerous risks, uncertainties and other factors, many of which are outside the Company's control. These risks, uncertainties and other factors include but are not limited to those set forth under the heading "Risk Factors" in the Company's Form 10. The anticipated results described in the forward-looking statements could be materially different from the actual events and results. DPS disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise.