The deal chiefly concerns the Snapple line of beverages, which Dr Pepper Snapple will have the right to distribute in Australia, Malaysia, Singapore, China, Hong Kong, Japan, and South Korea. The company will also hold such rights for Mott's, Mr & Mrs T, Clamato, Mistic, Holland House, and Yoo-hoo in Australia.
In the press release announcing the news, Dr Pepper Snapple didn't disclose the terms of the agreement. It added that it "does not anticipate that the acquisition will have any material effect on its 2013 financial results."
Fool contributor Eric Volkman and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
How Dr Pepper Snapple Can Rebound in 2018
Investors need clarity on a relatively new component of the company's earnings mix.
Why Dr Pepper Snapple Stock Slumped 7% on Wednesday
An earnings miss is bad enough, but an earnings decline, too? That's just awful.
Why Advanced Micro Devices, Alaska Air Group, and Dr Pepper Snapple Group Slumped Today
These stocks helped lead the market lower. Find out why.