PepsiCo Wins Exclusive Canadian Distributorship for Evian Spring Water

Winning a major distributorship for bottled water, PepsiCo (NASDAQ: PEP) and its subsidiary, PepsiCo Beverages Canada, inked a deal today to be the exclusive distributor for evian brand bottled water in Canada. Danone Waters of America, or DWA, a subsidiary of multinational food processing giant Danone, is the other party involved in the pact. PepsiCo will begin its Canadian sales and distribution on Jan. 1, 2021, a move its Canadian president Richard Glover says is a strong fit for its "overall hydration strategy and enables us to use our distribution networks and sales capabilities to accelerate the growth of evian in the Canadian marketplace."