PBG SA was created in 1994.
Among other things, PBG stands for Palm Beach Gardens, a city in Florida.
Increase in stock price, reduction in some of the pbg work force team members. Pbg has been buying out local bottlers but is now being bought out by PCNA which was expected. The standard answer is that nothing will change but the facts show otherwise. The local bottlers that have been bought out have seen a reduction in the work force initially and within 3 to 6 mons more staff reductions to come. PCNA has had a tough time with bottlers getting them to fall in line with pricing and packaging strategies across various customers. They have been on a planned buy out of the independent bottlers. Most recent Lane bottling, Better Beverages and Abtex Beverages. The little surprise was that PCNA bought out PBG so quick... now we (PBG employee's are concerned that our jobs are in jeopardy. Tim Martin head of the PBG acquisition team is spearheading the consolidation process for PBG but the most recent buy out of PBG buy PCNA has complicated the consolidation plan temporally. The next year will prove to be interesting for a few bottlers and PBG emploee's as the buyout gets up to speed.
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