PepsiCo announced on Monday that it has entered into an agreement to purchase prebiotic soda brand Poppi for $1.95 billion.
New York (CNN) — PepsiCo is buying Poppi, the popular prebiotic soda brand, in a $1.65 billion deal.
The deal boosts the food and beverage company's health-focused portfolio as consumers demand more better-for-you options.
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Allison Ellsworth, the co-founder of Austin, Texas-based Poppi, said the combination with PepsiCo will expand Poppi’s reach.
PepsiCo is working to diversify away from its standard soda and snacks by making acquisitions of healthier brands.
PepsiCo (PEP, Financial) confirmed a strategic deal to acquire Poppi for $1.95 billion, including $300 million in anticipated ...