PepsiCo Strengthens Wellness Brands Portfolio With Poppi Acquisition
In a bold step to reshape the future of refreshment, PepsiCo, Inc. (PEP) has officially completed its acquisition of Poppi, the fast-growing prebiotic soda brand, for 300 million in tax benefits, the net purchase price comes to $1.65 billion. The deal also includes a performance-based earnout, further tying Poppi’s valuation to its future success.Poppi, known for its vibrant branding and gut-healthy sodas made with prebiotics, fruit juice and apple cider vinegar, has gained ...