Anheuser-Busch Inbev, PepsiCo To Make Joint Purchases In US
October 13 2009 - 6:11PM
Dow Jones News
DOW JONES NEWSWIRES
Beer giant Anheuser-Busch Inbev NV (BUD, ABI.BT) and food and
beverage giant PepsiCo Inc. (PEP) agreed to jointly purchase goods
and services for their U.S. operations to get more competitive
prices.
The purchases may include information-technology hardware,
office supplies, travel services, transportation, and maintenance,
repair and operating supplies.
A team of procurement experts for each company will focus on
common areas of spending and negotiate purchases on behalf of both
companies.
Anheuser-Busch Inbev's shares fell 0.2% to $47.46 in after-hours
trading while PepsiCo's rose 1 cent to $60.61.
-By Kathy Shwiff, Dow Jones Newswires; 212-416-2357;
Kathy.Shwiff@dowjones.com