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PepsiCo Makes $1.95 Billion Move to Acquire Poppi Soda

The food and beverage manufacturer has acquired Poppi in a strategic portfolio move.

PepsiCo Poppi Image
PepsiCo's lucrative move helps the company meet increasing demand for healthier beverage options.
Image provided by PepsiCo

A renowned food and beverage manufacturer and an up-and-coming health-conscious soda company are joining forces.

PepsiCo, Inc. has agreed on a deal to acquire Poppi, a prebiotic soda brand, for $1.95 billion, which includes $300 million of anticipated cash tax benefits for a net purchase price of $1.65 billion, the company announced in a press release.

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