PepsiCo To Acquire Probiotic Drinks Maker KeVita
PepsiCo has agreed to buy probiotic drink maker KeVita, as the beverage giant expands its portfolio in the health-beverages segment.
"I am pleased to welcome KeVita into the PepsiCo family. Under the leadership of CEO Bill Moses, KeVita has become an innovative, high-growth brand that is transforming the functional beverage space," said Chris Lansing, general manager and vice president, PepsiCo Premium Nutrition.
Although, Pepsi did not disclose any financial terms of the deal. Fortune reports the transaction price to be around $200 million. PepsiCo had acquired a minority stake in KeVita back in 2013. (dpa)
Most read news
Other news from the department business & finance

Get the food & beverage industry in your inbox
By submitting this form you agree that LUMITOS AG will send you the newsletter(s) selected above by email. Your data will not be passed on to third parties. Your data will be stored and processed in accordance with our data protection regulations. LUMITOS may contact you by email for the purpose of advertising or market and opinion surveys. You can revoke your consent at any time without giving reasons to LUMITOS AG, Ernst-Augustin-Str. 2, 12489 Berlin, Germany or by e-mail at revoke@lumitos.com with effect for the future. In addition, each email contains a link to unsubscribe from the corresponding newsletter.
Most read news
More news from our other portals
Last viewed contents

PepsiCo Launches Greenhouse Accelerator Program - Juntos Crecemos Edition to Identify and Uplift Emerging Hispanic-Owned Food and Beverage Start-Ups

Gardein® Debuts First-Ever Collection Of Plant-Based Meat Alternative Soups - Plant-based foods offer a benefit to the environment

Beer sommeliers search for the new German champion - Beer experts from all over Germany compete for the title

New Head of Arla Foods UK

Critical nutrients in old age: what are the benefits of supplements for senior citizens? - Results of the LUH Nutrimag study on vitamins and omega-3 fatty acids

Dynamech Engineers - Indore, India

Planet A Foods raises $15.4M to power ambitious expansion and bring sustainable cocoa-free chocolate to global customers - Munich-based B2B foodtech startup uses fermentation technology to produce ChoViva
Health assessment of the first analysis results on fipronil levels in foods in Germany
Schlehenlikör

Nestlé recognized one of the World's Best Employers
Existing shareholders of Beyond Meat cash up
