Pepsi Beverages Completes California Bottler Deal

SOMERS, N.Y. (AP) -- Pepsi Beverages Co., a unit of snack food and soft drink maker PepsiCo Inc., on Monday closed its acquisition of California bottler Pepsi-Cola Bottling Co. of Yuba City Inc.

Terms of the deal were not disclosed.

The Pepsi-Cola franchised bottler serves parts of northern California.

The transaction was previously announced by Pepsi Bottling Group, which PepsiCo purchased along with bottler PepsiAmericas in a $7.8 billion deal in February. The companies are PepsiCo's two largest North American bottlers.

PepsiCo shares fell 23 cents to $65.91 in morning trading.