For Immediate Release:
October 22, 2008
Director of Public Information
Dr Pepper Snapple Group Breaks Ground on $120 million Production Facility in Southern California
Beverage production and distribution center will employ 200 people, andserve as Western distribution center for DPS
VICTORVILLE, Calif. (Oct. 22, 2008) – Representatives of Dr Pepper Snapple Group (NYSE:DPS) joined elected officials from throughout Victor Valley today to officially break ground on the company’s beverage production and distribution center in Victorville.
Larry Young, president and CEO of DPS, Victorville Mayor Terry Caldwell and other key company officials and local dignitaries turned the first scoops of dirt on the site of the plant at Southern California Logistics Airport.
When open in 2010, the $120 million Dr Pepper Snapple facility will produce as many as 40 million cases of beverages each year and employ approximately 200 people. It will be the company's Western hub in a regional manufacturing and distribution footprint serving consumers in California and parts of the desert Southwest. The company will produce a wide range of soft drinks, juices, juice drinks, ready-to-drink teas, energy drinks and other premium beverages at the Victorville plant.
"Breaking ground on our Victorville facility is an important milestone in the history of our newly independent company,” said Larry Young, president and CEO of Dr Pepper Snapple Group. “This is the final step in establishing five major U.S. distribution hubs that will allow us to more efficiently serve our customers and consumers and strengthen our route-to-market. We’re very grateful to the people of Victorville for welcoming us into the community, and we’re committed to making the Victor Valley a better place to live and work.”
The DPS plant at Southern California Logistics Airport is part of an 8,500-acre master planned multimodal freight transportation hub developed on the site of the former George Air Force Base and supported by air, ground and rail connections. The plant will consist of an 850,000-square-foot building on 57 acres, including 550,000 square feet of warehouse space, and a 300,000-square-foot manufacturing plant with up to six manufacturing lines.
“This is a great day for High Desert residents,” said Victorville Mayor Terry Caldwell. “When a company like Dr Pepper Snapple chooses Victorville for its new West Coast facility, it means we have arrived and others will follow. This means hundreds of new jobs for our local residents.”
About Dr Pepper Snapple Group
Dr Pepper Snapple Group, Inc. (NYSE: DPS) is an integrated 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, Peñafiel, Rose's, Yoo-hoo, Clamato, Mr & Mrs T Mixers and other well-known consumer favorites. Based in Plano, Texas, Dr Pepper Snapple Group employs approximately 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. For more information, please visit http://www.drpeppersnapple.com/.
About Global Access
Global Access in Victorville, Calif., is an 8,500-acre multimodal freight transportation hub supported by air, ground and rail connections. The largest fully integrated commercial development in the region, Global Access is comprised of three development divisions which include: Southern California Logistics Airport, a 2,500-acre world-class aviation and air cargo facility serving domestic and international needs; Southern California Logistics Centre, a 2,500-acre commercial and industrial complex totaling 60 million square feet of diverse development; and the Southern California Rail Complex, a planned 3,500-acre intermodal rail and multimodal complex including rail-served facilities.
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Forward looking statement
This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, in particular, statements about future events, future financial performance, plans, strategies, expectations, prospects, competitive environment, regulation, and cost and availability of raw materials. Forward-looking statements include all statements that are not historical facts and can be identified by the use of forward-looking terminology such as the words "may," "will," "expect," "anticipate," "believe," "estimate," "plan," "intend" or the negative of these terms or similar expressions. These forward-looking statements have been based on our current views with respect to future events and financial performance. Our actual financial performance could differ materially from those projected in the forward-looking statements due to the inherent uncertainty of estimates, forecasts and projections, and our financial performance may be better or worse than anticipated. Given these uncertainties, you should not put undue reliance on any forward-looking statements. All of the forward-looking statements are qualified in their entirety by reference to the factors discussed under "Risk Factors," "Special Note Regarding Forward-Looking Statements," and elsewhere in our Registration Statement on Form 10 filed with the Securities and Exchange Commission on April 22, 2008. Forward-looking statements represent our estimates and assumptions only as of the date that they were made. We do not undertake any duty to update the forward-looking statements, and the estimates and assumptions associated with them, after the date of this release, except to the extent required by applicable securities laws.
City of Victorville
Yvonne Hester, (760) 955-1681
Dr Pepper Snapple Group
Greg Artkop, (972) 673-8470
Chris Barnes, (972) 673-5539
Dr Pepper Snapple Group
Aly Noormohamed, (972) 673-6050