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PepsiCo to acquire Poppi in $1.95B deal

PepsiCo is acquiring the prebiotic soda brand Poppi for more than $1.6 billion.
The net purchase price for the acquisition is $1.65 billion after anticipated cash benefits of $300 million.
Allison Ellsworth, Co-Founder of Poppi, stated the deal will expand Poppi's reach.
PepsiCo shares increased nearly 2% following the announcement.

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KXAN

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Austin-based brands that have gone national

AUSTIN (KXAN) — Austin is a hub for music, tech -- and a proving ground for businesses, some of which have expanded to have a national reach. Here's a look at the history of some Austin businesses that have expanded beyond the capital city. Made in Texas: Viewers name the top Texas brands, businesses they love Poppi This week, PepsiCo announced it had bought the prebiotic soda brand for nearly $2 million. While the idea for the different t…

10 days ago·Austin, United States

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KYMA

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Pepsi buys prebiotic soda brand "Poppi"

(CNN, KYMA/KECY) - Pepsi is buying a popular probiotic soda brand jumping into the trend of healthier sodas. Under this new deal, Pepsi will pay $1.6 billion for Poppi. Poppi has become increasingly popular since its appearance on Shark Tank back in 2018. In January, Pepsi bought Siete Foods and half of the remaining of Sabra Hummus brand as the company increases its lineup of healthier food products. The post Pepsi buys prebiotic soda brand “Po…

11 days ago

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LoudounTimes.com

+8 Reposted by 8 other sources

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Weekly Recap: 10 Consumer Press Releases You Need to See

A roundup of the most newsworthy consumer and retail announcements from PR Newswire this week, including PepsiCo's acquisition of poppi and a new digital hub from Michaels.

12 days ago

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Forbes

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Fresh Take: Behind Poppi’s Eye-Popping Price Tag After PepsiCo Deal

This week’s Fresh Take newsletter features a look at PepsiCo’s acquisition of Poppi and what it means for the beverage industry, the latest on egg prices and more.

12 days ago·United States

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The Motley Fool

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Pepsi, Poppi, and the Creosote Bush @themotleyfool #stocks $PEP $KO $WMT $META $BBY $AMZN $DG $BYND

To stay on top, the consumer giants need a player in every potential market.

12 days ago·Alexandria, United States

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Helena Independent Record

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PepsiCo buys prebiotic soda brand Poppi

PepsiCo said it's acquiring the prebiotic soda brand Poppi for $1.95 billion, giving PepsiCo a fast-growing brand in the popular functional beverage category.

13 days ago·Helena, United States

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