India, May 19 -- PepsiCo, Inc. (PEP) has officially completed its acquisition of poppi, a rapidly growing prebiotic soda brand, for $1.95 billion. This includes an estimated $300 million in cash tax benefits, bringing the net purchase price to $1.65 billion.
The agreement also features a performance-based earnout tied to specific business milestones. This acquisition is part of PepsiCo's strategic effort to reshape its product portfolio and cater to shifting consumer preferences towards functional and flavorful beverages. poppi joins other wellness-focused brands recently acquired by PepsiCo, such as Siete and Sabra.
According to PepsiCo Beverages U.S. CEO Ram Krishnan, poppi aligns strongly with the company's broader beverage strategy. H...