Pepsi Bottling Group signs letter of intent to acquire New York Bottling Co.

SOMERS, N.Y. The Pepsi Bottling Group on Tuesday announced that it has signed a Letter of Intent to acquire Pepsi-Cola Batavia Bottling Corp. and the transaction is expected to close during the first quarter of 2008.

The family-owned and -operated business based in Batavia, N.Y., is a Pepsi-Cola franchised bottler, serving New York’s Genesee, Orleans and Wyoming counties along with parts of Livingston, Alleghany and Cattaraugus counties. It was founded in 1890 and is currently owned by Thomas and John Houseknecht. Terms of the transaction were not disclosed.

“We are pleased that Pepsi Batavia will join PBG, the largest Pepsi-Cola bottler in the world,” stated Tom and John Houseknecht. “We are confident that PBG will continue to provide the level of service and support that our employees and customers have come to expect from our company.”

The Houseknecht family will continue to own and operate Loose Ends Vending.