PepsiCo Completes Acquisition of poppi, Accelerating Strategic Portfolio Transformation

Acquisition Advances Positive Choices Growth Strategy and Enhances PepsiCo Functional Food and Beverage Offerings PURCHASE, N.Y. and AUSTIN, Texas, May 19, 2025 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) ("PepsiCo") today announced that it has closed the acquisition of poppi for $1.95 billion, including$300 million of anticipated cash tax benefits for a net purchase price of $1.65 billion. The transaction also includes a performance-based earnout contingent on achieving certain performance metrics. PepsiC ...