Dr Pepper Snapple Gets $45 Million From Hansen Settlement
The company will record a $45 million one-time gain in its first quarter 2009 related to the settlement and the write-off of related intangibles. Dr Pepper Snapple plans to use the proceeds from the settlement to reduce debt.
In 2008, DPS said it generated $197 million in revenue and $38 million in operating profit distributing Hansen products in the U.S.
Plano, Texas-based Dr Pepper Snapple Group is a refreshment beverage business marketing more than 50 beverage brands to consumers throughout North America. In addition to its flagship Dr Pepper and Snapple brands, the company's portfolio includes 7UP, Mott's, A&W, Sunkist Soda, Hawaiian Punch, Canada Dry, Schweppes, Squirt, RC Cola, Diet Rite, Penafiel, Rose's, Yoo-hoo, Clamato, Mr & Mrs T and other well-known consumer favorites.
Dr Pepper Snapple Group employs around 20,000 people and operates 24 bottling and manufacturing facilities and more than 200 distribution centers across the United States, Canada, Mexico and the Caribbean.
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