PepsiCo Wins Exclusive Canadian Distributorship for Evian Spring Water

Winning a major distributorship for bottled water, PepsiCo (NASDAQ: PEP) and its subsidiary, PepsiCo Beverages Canada, inked a deal today to be the exclusive distributor for evian brand bottled water in Canada. Danone Waters of America, or DWA, a subsidiary of multinational food processing giant Danone, is the other party involved in the pact.

PepsiCo will begin its Canadian sales and distribution on Jan. 1, 2021, a move its Canadian president Richard Glover says is a strong fit for its "overall hydration strategy and enables us to use our distribution networks and sales capabilities to accelerate the growth of evian in the Canadian marketplace." Pepsi also points out the brand is the leading seller in the country.

Image source: Getty Images.

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Source Fool.com