This acquisition marks a significant step in PepsiCo’s ongoing transformation of its portfolio PepsiCo announced that it has closed the acquisition of poppi for $1.95 billion, including $300 million of anticipated cash tax benefits for a net purchase price of $1.65 billion. The transaction also includes a performance-based earnout contingent on achieving certain performance[Read More…]
Tag: PepsiCo
PepsiCo-Yara partnership expands to Latin America
Yara will supply PepsiCo with products and services in Latin America, benefiting potato farmers in Mexico, Colombia, Chile, and Argentina Mexico, PepsiCo and Yara have announced a long-term partnership for the supply of crop nutrition programs in Latin America to help decarbonise the food value chain, demonstrating Yara’s ability to[Read More…]
PepsiCo to acquire poppi
The company continues to evolve its portfolio through innovation and strategic acquisitions PepsiCo announced that it has entered into a definitive agreement to acquire poppi, a fast-growing prebiotic soda brand, for $1.95 billion, including $300 million of anticipated cash tax benefits for a net purchase price of $1.65 billion. The transaction also includes an[Read More…]
Kerry establishes local manufacturing partnership for taste solutions in Pakistan
This partnership enables Kerry to support the thriving Pakistani consumer food market with the production of taste solutions for global and domestic food manufacturers Kerry, a global leader in taste and nutrition, has partnered with Far Eastern Impex (FEI) to open the first international production operation for flavourings in Pakistan. The[Read More…]
PepsiCo acquires Siete Foods
With Siete, PepsiCo will further expand its portfolio of products with nutritious, simple foods and ingredients and bring this popular, growing brand to new fans in even more places PepsiCo announced that it has closed the acquisition of Garza Food Ventures LLC, dba Siete Foods (Siete), for $1.2 billion. Over the[Read More…]
PepsiCo to acquire full ownership of Sabra and Obela
Enables PepsiCo to accelerate innovation in refrigerated fresh dips and spreads to meet growing consumer demand PepsiCo announced its agreement to acquire the remaining 50 per cent interest in Sabra Dipping Company, LLC (Sabra) and PepsiCo-Strauss Fresh Dips & Spreads International GmbH (Obela) and become the sole owner of these companies, which[Read More…]
Carlsberg to become PepsiCo bottler in Kazakhstan and Kyrgyzstan
Carlsberg plans to invest more than EUR 100 million in building a new production facility for soft drinks in Kazakhstan, more than doubling the overall business The Carlsberg Group (Carlsberg) and PepsiCo, Inc. (PepsiCo) are expanding their strategic partnership with a new agreement under which Carlsberg will become the PepsiCo[Read More…]
PEPSICO to acquire SIETE FOODS for $1.2 Bn
The acquisition will complement PepsiCo’s portfolio with the addition of an authentic, Mexican-American brand PepsiCo, Inc. announced that it has entered into a definitive agreement to acquire Garza Food Ventures LLC, dba Siete Foods (Siete) for $1.2 billion. The acquisition will complement PepsiCo’s portfolio with the addition of an authentic, Mexican-American[Read More…]
Varun Beverages announces $50 Mn Pepsi production facility in Congo
The Pepsi beverage facility will be developed on 15 hectares (37 acres) of land at Kiswishi City SEZ Varun Beverages, one of the largest franchisees of PepsiCo in the world, has announced a $50 million investment in a state-of-the-art Pepsi production facility in Kiswishi City, the first private Special Economic Zone[Read More…]
PepsiCo Australia appoints Alessia Taddei as CMO
Taddei will oversee the entire marketing strategy for Australia and New Zealand, leading PepsiCo’s food marketing teams and agency partners PepsiCo Australia has named Alessia Taddei as its new chief marketing officer (CMO) for ANZ Foods, effective from 1st September. Taddei will assume the responsibilities of former CMO Vandita Pandey,[Read More…]
