Pepsi to Acquire SodaStream to Diversify its Portfolio
One of the largest beverage company Pepsi has announced that it is eyeing to acquire SodaStream, which is a Tel Aviv-based beverage company. The deal is expected to be done at an amount of $3.2 billion.
This step has been primarily taken because more consumers are these days preferring sustainable, in-home options rather than sugary beverages.
Pepsi with this acquisition is trying to diversify its portfolio and expand its reach internationally. At present, Pepsi products are sold in retail shops in 45 countries, majorly in the U.S., Germany, France and Canada.
“PepsiCo and SodaStream are an inspired match. Daniel and his leadership team have built an extraordinary company that is offering consumers the ability to make great-tasting beverages while reducing the amount of waste genera...