Pepsi Bottling Group, Inc. - 1999 dated Specimen Stock Certificate - Purchased by PepsiCo Merged with PepsiAmericas to form the Pepsi Beverages Co.
Inv# SE3771 Specimen Stock
New York
Specimen Stock printed by American Bank Note Company. The Pepsi Bottling Group, Inc. held the position of the largest bottler of Pepsi-Cola beverages globally. Sales of Pepsi-Cola products by PBG represented over fifty percent of the total Pepsi-Cola beverages sold in both the United States and Canada, and approximately forty percent on a global scale. PBG possessed the exclusive rights to manufacture, sell, and distribute Pepsi-Cola beverages across all or parts of 43 states, the District of Columbia, nine provinces in Canada, as well as in Spain, Greece, Russia, Turkey, and Mexico. Roughly seventy percent of PBG's sales volume was generated in the United States and Canada. The company was headquartered in Somers, New York. On August 4, 2009, PepsiCo, located in Purchase, New York, acquired The Pepsi Bottling Group along with another significant bottler, PepsiAmericas. This acquisition was finalized on February 26, 2010, resulting in the establishment of the Pepsi Beverages Company (PBC) as a wholly owned subsidiary of PepsiCo.
On September 30, 2008, The Pepsi Bottling Group Inc. reported a decline in third-quarter earnings, which amounted to $231 million, or $1.06 per share, down from $260 million, or $1.12 per share, during the same quarter the previous year. The prior year's figures included a gain of 14 cents per share attributed to a tax benefit and restructuring costs. Revenue experienced a modest increase of 2%, reaching $3.8 billion. Eric Foss, the chief executive officer, indicated that weak consumer demand in the United States had extended during the third quarter "across geographies," resulting in decreased sales volumes in both Europe and Mexico. In Europe, the total volume of cases sold decreased by 6 percent. He pointed to various economic factors, including volatility and food inflation in Russia, as well as the repercussions of the housing downturn in Spain. In Mexico, where case volumes dropped by 9 percent, he observed that cash remittances from the United States had fallen to their lowest level in over a decade, adversely affecting consumer confidence. On October 6, 2008, Eric Foss was elevated to the position of chairman of the board. Subsequently, on October 14, 2008, PepsiCo Inc. announced plans to reduce its workforce and close several factories to create "breathing room" amid the widespread volatility affecting the global economy. The producer of Pepsi-Cola, Doritos, and Sun Chips stated its intention to eliminate 3,300 jobs and close six plants, aiming to save $1.2 billion over the next three years, with the savings primarily directed towards revitalizing sluggish U.S. soft drink sales.
On November 19, 2008, The Pepsi Bottling Group declared its intention to implement cost-cutting measures as part of a comprehensive restructuring initiative aimed at enhancing operational efficiencies across its global network. As part of the "Structured to Succeed" program, the company anticipated the elimination of 3,150 positions, representing 4.5% of its workforce. Approximately 750 jobs were projected to be affected within the U.S. and Canada, which included the shutdown of four facilities in the United States. In Europe, the streamlining efforts were expected to result in the loss of 200 jobs, while in Mexico, the closure of three plants, 30 distribution centers, and 700 routes would lead to a reduction of 2,200 jobs. On February 10, 2009, The Pepsi Bottling Group Inc. reported a net loss of $271 million for the fourth quarter and forecasted 2009 earnings that fell short of analysts' expectations. This figure included a net after-tax charge of $336 million attributed to restructuring efforts, as well as a non-cash asset impairment charge primarily related to PBG's operations in Mexico. Volume sales declined by 7% in North America and 6% in Europe. Subsequently, on February 19, 2009, PepsiCo announced a multiyear distribution agreement with Rockstar Energy Drink, which would see Rockstar distributed by The Pepsi Bottling Group, PepsiAmericas, Pepsi Bottling Ventures, and various independent Pepsi-Cola bottlers throughout most of the United States and all of Canada.
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