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Dr Pepper Snapple Group reacquires distribution rights in Asia-Pacific

Dr Pepper Snapple Group, which produces flavored beverages in North America and the Caribbean, recently reached an agreement with Mondeléz International Inc. to reacquire the distribution rights for Snapple and several other non-carbonated beverage brands in parts of Asia-Pacific.

The agreement provides that the company will have the rights to distribute Snapple in Australia, Malaysia, Singapore, China, Hong Kong, Japan and South Korea. In Australia, the company will also get to distribute Mott’s, Mr & Mrs T, Clamato, Mistic, Holland House and Yoo-hoo.

The terms of the agreement was not disclosed but the company said it does not expect the deal to have any material effect on its 2013 financial results.