PepsiCo (NASDAQ:PEP) will have a strong presence in the Happiest Place in China. The company announced that it, in collaboration with local firm Tingyi Holding, has been selected by Disney (NYSE:DIS) to be the primary beverage supplier for the entertainment conglomerate's Shanghai Disney Resort theme park complex. The terms of the deal were not disclosed.
In the press release heralding the news, PepsiCo said that the three partners would also "develop high-impact, co-marketing campaigns to activate their products and help promote" the resort.
PepsiCo and Tingyi Holding have been strategic partners since March 2012. Together, they provide a full range of the American company's products, as well as other comestibles.
Shanghai Disney Resort is currently under construction in the city's Pudong district. It is scheduled to open at the end of 2015.