PepsiCo acquires poppi for $1.95 billion to expand its offering of wellness-focused products.

From Yahoo Finance: 2025-05-19 16:45:00

PepsiCo, Inc. (NASDAQ: PEP) completes the acquisition of poppi for $1.95 billion, including $300 million in cash tax benefits. The deal features a performance-based earnout tied to specific business goals, part of PepsiCo’s strategic portfolio shift towards wellness-focused products like prebiotic sodas.

Founded in 2018 by Allison and Stephen Ellsworth, poppi’s beverages contain apple cider vinegar, prebiotics, and only five grams of sugar. The brand’s growth reflects the increasing popularity of prebiotic sodas among health-conscious consumers, contrasting with the decline in traditional soda consumption in the U.S.

PepsiCo Beverages U.S. CEO Ram Krishnan highlights the strategic fit of poppi within PepsiCo’s vision for future beverages. The acquisition aims to scale poppi’s momentum and unlock new growth opportunities through PepsiCo’s capabilities, emphasizing the company’s commitment to expanding its flavorful and functional offerings.

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Read more at Yahoo Finance: PepsiCo, Inc. (PEP) Finalizes poppi Acquisition, Advancing Its Strategic Portfolio Shift