Arctic Beverages Signs Two Agreements with PepsiCo
In December 2016, Arctic Beverages signed two agreements with PepsiCo Canada, which reinforces the company’s long term relationship with the food and beverage giant.
The first is a new agreement with PepsiCo Foods for distribution of Frito Lay and other snack foods. This new agreement goes to 2020 with renewal clauses. The agreement also aligns Arctic’s selling area for the food side with the company’s PepsiCo Bottling Agreement, which represents an area covering approximately 20% of Canada.
The second agreement is with PepsiCo Canada Beverages for Saskatchewan, assigning the Northern Saskatchewan territory to Arctic Beverages until 2021 with subsequent renewal dates.
“These agreements enhance our existing agreements with our long-time partner, and now our food side mirrors the beverage side,” says Sean Post, CEO of Arctic Beverages. “We look forward to continuing our strong partnership with PepsiCo Foods and Beverages and to be the most valued consumer packaged goods company in the eyes of our customers, communities, employees, and shareholders.”
Arctic Beverages is the fourth oldest Pepsi Bottler in Canada, and has the largest franchise territory in Canada. Originally formed in 1938, the company is the only First Nations owned Pepsi bottler in North America. Athabasca Basin Development purchased ownership into Arctic Beverages in 2014, along with Prince Albert Development Corporation and Paskwayak Business Development.