PepsiCo acquires Sodastream for $3.2 billion

The deal sees snack and beverage giant PepsiCo acquiring countertop carbonated water machine maker SodaStream for $3.2 billion. It underscores PepsiCo’s push to add healthier products to its portfolio and move to a more environmentally friendly agenda.

On Monday, New York based beverage and snack giant PepsiCo Inc disclosed it would acquire Tel Aviv, Israel-based Sodastream for $3.2 billion. Sodastream makes a machine and refillable cylinders through which users can make their own fizz carbonated water drinks at home.

The acquisition marks one of the boldest moves made by PepsiCo CEO Indra Nooyi in her 12-year tenure. Earlier this month, Nooyi announced her plans of stepping down from the company. Nooyi has spent years warding off pressure from activist investor Nelson Peltz, whose presence cast a close eye on dealmaking.

Both companies have stated, PepsiCo will pay $144 in cash per share for every share of Sodastream.

Advertisements


Categories: Creativity, Entrepreneurship, HR & Organization, Regulations & Legal, Strategy, Sustainability

Tags: , , , , , , , , , , , , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: