Anheuser-Busch (BUD) and PepsiCo (PEP) Agree to Jointly Purchase Certain Indirect Goods/Services in US

October 13, 2009 5:13 PM EDT

Anheuser-Busch (NYSE: BUD) and PepsiCo (NYSE: PEP) have agreed to jointly purchase certain indirect goods and services in the United States and used primarily for their U.S. operations, such as information technology hardware; office supplies; travel and facilities services; transportation; and maintenance, repair and operating supplies.

The agreement allows both companies to purchase goods and services more efficiently at competitive prices - effectively managing costs that can be reinvested back into areas that will grow their businesses. A team consisting of procurement experts for each company will focus on common areas of spending and negotiate purchases on behalf of both companies.

In the United States, there are many similar goods and services that each company purchases, making the agreement a good fit for the specific needs of both companies for their U.S. purchasing.

Specific cost-savings will depend on the negotiated terms for each purchase.

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