Cadbury Acquires Snapple.

We understand from reports that Cadbury Schweppes have bought the soft drinks company Snapple Beverages Group from the US-based Triarc Companies for [pound]1.03bn. The deal sees Cadbury taking control of the Snapple tea, fruit drink and juice brand, who generate 98 percent of their sales in the US and Canada. They will also gain the Mistic fruit drink brand, Stewarts flavoured sodas, root beer labels and Royal Crown Cola.