Instant noodle and beverage producer Tingyi (Cayman Islands) Holding is in talks to acquire PepsiCo’s bottling operations in China, according to sources.
The agreement will give Tingyi bottling and distribution rights for PepsiCo beverage products in China, and PepsiCo will take a minority stake in Tingyi’s beverage business with an option to later raise the stake.
Go deeper with GlobalData
In May 2010, PepsiCo announced plans to invest $2.5bn in the food and beverage markets in China over a three-year period, including new manufacturing facilities, on top of the $1bn invested since 2008.
New York-headquartered PepsiCo has more than 20 majority-owned bottling joint ventures across China.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
