"PepsiCo and SodaStream are an inspired match," says Indra Nooyi, chairman and chief executive officer, PepsiCo. "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 generated. That focus is well-aligned with Performance with Purpose, our philosophy of making more nutritious products while limiting our environmental footprint. Together, we can advance our shared vision of a healthier, more sustainable planet.”
PepsiCo will leverage its distribution capabilities, global presence, research and development, design and marketing experience to expand the SodaStream brand.
The acquisition is a move in PepsiCo's Performance with Purpose journey, promoting health and wellness
The transaction was valued at $3.2 billion, which will be funded by PepsiCo's cash-on-hand. The deal is subject to a SodaStream shareholder vote, certain regulatory approvals and other customary conditions. Closing is expected by January 2019.
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