Pepsi Bottling Ventures, LLC is the largest privately held manufacturer, seller, and distributor of PepsiCo beverages in North America. Headquartered in Raleigh, North Carolina, it operates as a strategic joint venture between Suntory (S&P: BBB+) and PepsiCo (S&P: A+). Pepsi Bottling Ventures, LLC is not a publicly reporting company and financials are representative of PepsiCo.