St. Louis-based Anheuser-Busch and Purchase, N.Y.-based PepsiCo announced this week that they are partnering in order to conduct joint purchasing in the U.S., the St. Louis Business Journal reported.

Under the partnership, a team of procurement experts for each company will focus on common areas of spending and negotiate purchases on behalf of both companies.

The companies anticipate that this strategy will help them gain more competitive prices on certain indirect goods and services in the U.S., such as information technology hardware; office supplies; travel and facilities services; transportation; and maintenance, repair and operating supplies.