Ocean Spray Cranberries Inc. and soda-and-beverage giant PepsiCo Inc. said they have formed a strategic alliance in Latin America that will give PepsiCo exclusive rights to manufacture and distribute a portfolio of cranberry- and blueberry-based beverages through its Latin America Beverages division.
Financial terms of the transaction were not disclosed.
Ocean Spray, a growers cooperative with headquarters in Lakeville and Middleborough, noted that it has had business relationship with PepsiCo in the United States since 2006 when Ocean Spray’s single-serve juices and juice drinks entered the PepsiCo bottling system.
“We are eager to continue building on our successful partnership with PepsiCo, as it will help us expand consumer access to Ocean Spray products in important international markets like Latin America,” Ocean Spray chief operating officer of global partner operations Stewart Gallagher said in a statement.
Chris Reidy can be reached at email@example.com.