2011 Top 100: Beverages
PepsiCo Inc.
The beverage market leader united its operations in 2011 with two new initiatives. The Power of One – Americas Council brought together its top food and beverage leaders to leverage the combined scale of its complementary snack and beverage businesses across North, South and Central America. Its purpose is to ensure full coordination across the food and beverage operating systems, while unlocking opportunities to create value across the business, from sales, marketing and distribution to back-office operations. At the same time, the company created the Global Snacks Group (GSG), designed to drive breakthrough innovation across its leading portfolio of global snack food brands.
The Coca-Cola Company
In October 2011, The Coca-Cola Company completed the acquisition of the North American operations of Coca-Cola Enterprises. By combining its manufacturing and distribution capabilities, the company redefined its North American operating model to best serve the needs of its flagship market and accelerated its ability to capture financial and operational improvements. Longer term, the transaction will enable Coca-Cola to drive an optimized business system, better serve the North American customer and consumer, and increase cash flow returns by investing capital in a more efficient system. Once integrated, the company expects to generate operational synergies of at least $350 million per year.
SABMiller PLC
Four months filled with takeover drama ended in September 2011 when SABMiller plc reached an agreement to acquire Foster’s Group for $10.15 billion. The acquisition will provide SABMiller with exposure to Australia’s strong economic growth prospects; a leading position in the stable and profitable Australian beer industry; and the opportunity to apply SABMiller’s capabilities and scale to improve Foster’s financial and operating performance. SABMiller separately reached agreement with Coca-Cola Amatil Limited to acquire its share of the Pacific Beverages Pty Limited joint venture should SABMiller acquire a controlling interest in Foster’s.
The beverage market leader united its operations in 2011 with two new initiatives. The Power of One – Americas Council brought together its top food and beverage leaders to leverage the combined scale of its complementary snack and beverage businesses across North, South and Central America. Its purpose is to ensure full coordination across the food and beverage operating systems, while unlocking opportunities to create value across the business, from sales, marketing and distribution to back-office operations. At the same time, the company created the Global Snacks Group (GSG), designed to drive breakthrough innovation across its leading portfolio of global snack food brands.
The Coca-Cola Company
In October 2011, The Coca-Cola Company completed the acquisition of the North American operations of Coca-Cola Enterprises. By combining its manufacturing and distribution capabilities, the company redefined its North American operating model to best serve the needs of its flagship market and accelerated its ability to capture financial and operational improvements. Longer term, the transaction will enable Coca-Cola to drive an optimized business system, better serve the North American customer and consumer, and increase cash flow returns by investing capital in a more efficient system. Once integrated, the company expects to generate operational synergies of at least $350 million per year.
SABMiller PLC
Four months filled with takeover drama ended in September 2011 when SABMiller plc reached an agreement to acquire Foster’s Group for $10.15 billion. The acquisition will provide SABMiller with exposure to Australia’s strong economic growth prospects; a leading position in the stable and profitable Australian beer industry; and the opportunity to apply SABMiller’s capabilities and scale to improve Foster’s financial and operating performance. SABMiller separately reached agreement with Coca-Cola Amatil Limited to acquire its share of the Pacific Beverages Pty Limited joint venture should SABMiller acquire a controlling interest in Foster’s.