Wednesday, December 5, 2018

PepsiCo finalizes SodaStream acquisition | 2018-12-05 - Food Business News

PURCHASE, NY. — PepsiCo, Inc. has completed its acquisition of SodaStream International Ltd., Tel Aviv, Israel, in a transaction valued at approximately $3.2 billion. PepsiCo purchased all outstanding shares of SodaStream for $144 per share, which represented a 32% premium to the 30-day volume weighted average price, the company said when the deal was announced in August.

“I couldn’t be prouder or more excited to welcome SodaStream to the PepsiCo family,” said Ramon Laguarta, chief executive officer of PepsiCo. “With its customizable options, SodaStream empowers consumers to personalize their preferred beverage in an environmentally friendly way and provides PepsiCo with a significant presence in the at-home marketplace. Together with SodaStream, I’m confident we can accelerate progress on our shared goal of curbing plastic waste and building a more sustainable future.”

SodaStream manufactures and distributes home carbonation machines. PepsiCo said the transaction marks another step in its commitment to support health and wellness through sustainable solutions. SodaStream, with its differentiated product range position, will benefit from PepsiCo’s research and development capabilities and global reach to innovate and expand.

“We are thrilled to become part of PepsiCo and join its diverse and talented team,” said Daniel Birnbaum, c.e.o. of SodaStream. “SodaStream was founded to bring healthy, convenient and environmentally friendly beverage options to consumers around the world — and PepsiCo will help us deliver and expand on this mission. With some of the world’s leading marketing and R.&D. teams, and access to new markets and channels, we are excited to grow hand-in-hand with PepsiCo in the months and years to come.”



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