Cadbury Schweppes has entered into an agreement to acquire the Snapple Beverage Group from Triarc Companies, Inc., for an enterprise value of $1,450 million (£1,028 million). Snapple Beverage Group is a US premium beverage company whose brands include Snapple, Mistic, Stewart's and Royal Crown (RC ready-to-drink) Cola. Snapple is the leading brand in the profitable and high growth premium ready-to-drink tea and juice sector of the New Age beverage market.