PepsiCo Acquires Prebiotic Soda Brand Poppi for $1.95 Billion
PepsiCo announced Monday its acquisition of prebiotic soda brand Poppi for $1.95 billion, strengthening its position in the rapidly growing functional beverage market. The deal includes $300 million in anticipated cash benefits, bringing the net purchase price to $1.65 billion. “More than ever, consumers are looking for convenient and great-tasting options that fit their lifestyles … Read more