Pepsico Acquires Sodastream
Pepsico Press Release
The company stated that it has entered into an agreement to acquire SodaStream, a manufacturer, and distributor of Sparkling Water Makers, for $3.2 billion.
Sodastream lets customers transform ordinary tap water into sparkling water and flavored sparkling water in seconds.
The transaction looks to help Pepsico promote health and wellness through solutions that are environmentally friendly, cost-effective and easy-to-use.
The company announced that it’s launching three Whole30 Approved® recipes each week beginning on September 3rd and continuing through the end of the month.
The Whole30 diet is a 30-day program that comprises of sugar-free, dairy-free, grain-free, and paleo-friendly foods.
The new addition follows a successful eight-week partnership it launched with the Whole30 organization last January.
The company plans to list on the New York Stock Exchange, this according to an SEC F-1 filing.
CNBC reports that the London-based luxury fashion marketplace is aiming for a valuation of up to $5 billion. The global market for personal luxury goods is expected to reach $446 billion by 2025, according to the filing citing Bain.
Crunchbase reports that the company which was founded in 2008 has raised over $700 million to date.