July 19/Purchase, N.Y./Drinks Business Review -- PepsiCo, Grupo Embotelladoras Unidas (GEUPEC) and Empresas Polar have formed a joint venture to create a new national beverage company in Mexico.Empresas Polar, a bottler of Pepsi-Cola products in Venezuela, will have an equity stake in the JV.
The new JV will consolidate the PepsiCo-owned beverage manufacturing and distribution operations in Mexico with those of GEUSA, the other Pepsi bottler in the country and a subsidiary of GEUPEC.