Latin American ventureThis article was originally published in Foodnews
PEPSIAMERICAS is combining most of its Caribbean business with those from Central America Beverage Corp (CABCORP) as part of a joint venture between the two firms. CABCORP will control 82% of the partnership, with PepsiAmericas holding the remaining 18%. The joint venture will combine PepsiAmericas' Caribbean operations, excluding the Bahamas, with CABCORP's Central American business, including Guatemala, Honduras, El Salvador and Nicaragua. The deal is expected to close in the third quarter.