PepsiCo Invests $1.95 Billion to Acquire Prebiotic Soda Brand Poppi

In a significant move this Monday, PepsiCo revealed its plans to acquire the prebiotic soda brand Poppi, investing $1.95 billion. The purchase is a strategic effort by the renowned food and beverage conglomerate to meet growing consumer interest in healthier product options. Factoring in anticipated cash tax benefits estimated at $300 million, the net acquisition cost will be $1.65 billion. This acquisition aligns with PepsiCo’s ongoing mission to diversify its offerings with “better-for-you” choices.

Ramon Laguarta, the CEO of PepsiCo, highlighted the company’s continuous evolution over the years. This progress has been achieved through innovative brand enhancements and careful, strategic acquisitions. Laguarta emphasized that such efforts aim to provide more beneficial options for their customers in the ever-increasing health-focused market.