Throughout the 1980, the growth of Coke and Pepsi put a squeeze on smaller concentrate
producers. As their shelf space declined, small brands were shuffled from one owner to another.
Over a five-year span, Dr Pepper was sold (ail or in part) several times, Canada Dry twice, Sunkist
once, Shasta once, and A&w Brands once. Philip Morris acquired Seven-Up in 1978 for · big
premium, racked up huge losses in the early 1980, and then left the CSD business in 1985. In the
1990, through a series of strategic acquisitions, Cadbury Schweppes emerged as the third-largest
concentrate producer—the main (albeit distant) competitor of the two CSD giants. It bought the Dr
Pepper/Seven-Up Companies in 1995, and continued to add such well-known brands as Orangina
(2001) and Nantucket Nectars (2002) to its portfolio. (See Appendix A—Cadbury Schweppes:
Operations and Financial Performance.)