NYC-based PepsiCo (NASDAQ: PEP) acquired poppi, a prebiotic soda brand, for $1.95 Billion, including $300M of anticipated cash tax benefits for a net purchase price of $1.65 Billion.
With the acquisition, still subject to customary closing conditions, including regulatory approval, PepsiCo will expand its offerings.
Founded by Allison and Stephen Ellsworth, poppi is a functional soda brand that combines prebiotics, fruit juice, and apple cider vinegar to create a low calorie soda with no more than five grams of sugar per serving.
Led by CEO Ram Krishnan, PepsiCo sells products in more than 200 countries and territories around the world. It generated nearly $92 Billion in net revenue in 2024, driven by a complementary beverage and convenient foods portfolio that includes Lay’s, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. Its product portfolio includes a wide range of foods and beverages, including many iconic brands that generate more than $1 Billion each in estimated annual retail sales.
FinSMEs
17/03/2025