Thus, PepsiCo will merge into the same company, namely Quadrant-Amroq Beverages, both the sodas and mineral water productions.
“QAB and Vitarom are part of the same group of companies, Pepsi Bottling Group Hoosiers B.V., which owns over 99% of the share capital of both companies; the merger is a natural process, which should be considered an intra-group restructuring process,“ according to the company.
Quadrant-Amroq Beverages owns Covasna-based mineral water producer Vitarom since 2010. This is the only factory on the local market where PepsiCo manufactures mineral water. Vitarom posted a turnover of 4.8 million (over EUR1 million) in 2014, down 15% compared with a year before. Its net losses set at RON3.1 million. Vitarom’s business exclusively represents Valea Izvoarelor brand.
QAB’s representatives did not make any comment regarding the reasons grounding this merger or what it will happen with the rest of the employees.
PepsiCo also owns in Romania snacks producer Star Foods, with RON408 million sales in 2015.
(English version by Manuela Panescu)