Athabasca Basin Development, Prince Albert Development Corporation and Paskwayak Business Development have announced they have entered into an agreement to purchase Arctic Beverages, a Pepsi franchise company servicing northern Manitoba, parts of northern Saskatchewan, northwestern Ontario and Nunavut.
The three Aboriginal owned companies report they have formed a strong governance team with years of management and leadership experience that will work closely with Arctic’s management and employees. They state existing management and employees will continue to operate the business as usual, and in addition to the existing team a CEO position has been created to lead the company. Sean Post who previously led Arctic Beverages for eight years will return as their CEO. Post says they have a unique understanding of the logistics involved in supplying their products to northern locations and the new ownership really understands the market they serve and is equipped to work to grow the company.