Dr Pepper Snapple Group To Acquire Bai Brands In $1.7 Bln Deal
Dr Pepper Snapple Group expects Bai will generate approximately $425 million in net sales in 2017 and add an incremental $132 million to current net sales expectation for 2017. The transaction is expected to be approximately $0.03 dilutive to reported EPS in 2017. The transaction is expected to be accretive to reported EPS in 2018.
Bai was founded by beverage industry veteran Ben Weiss in 2009 and has grown rapidly with its products now distributed by Dr Pepper Snapple Group among others. Bai will operate within the Packaged Beverages segment and continue to be led by founder Ben Weiss.
Dr Pepper Snapple Group noted that it has no plans to change its existing shareholder dividends and share repurchase distributions. (dpa)
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