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Company Statement: PepsiAmericas announces joint venture with CABCORP in Central America and Caribbean

( May 18, 2009, 11:00 GMT | Official Statement) -- Extract: PepsiAmericas and the Central America Beverage Corporation today announced a strategic joint venture that provides a strong platform for growth and geographic expansion. Under the agreement, CABCORP will control a majority 82 percent ownership interest, with PepsiAmericas controlling the remaining 18 percent.PepsiAmericas, Inc. (NYSE: PAS) and the Central America Beverage Corporation (CABCORP) today announced a strategic joint venture that provides a strong platform for growth and geographic expansion....

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