BD has learned from multiple sources that the Honickman Group is negotiating for PepsiCo-owned bottling territory in New Jersey and Philadelphia. Honickman already operates a swath of Pepsi territory in New Jersey, south of Trenton, including Burlington, Pennsauken, Camden and Gloucester. The proposed refranchising could give Honickman control over the rest of New Jersey, as well as metro Philadelphia to the southwest. The territories in question are operated by Pepsi Beverages Company (PBC), the PepsiCo-owned bottling unit that covers