PepsiCo Inc. has completed the acquisition of poppi, a fast-growing prebiotic soda brand, for $1.95 billion. The deal includes $300 million in anticipated cash tax benefits, resulting in a net purchase price of $1.65 billion. This acquisition aligns with PepsiCo's strategy to enhance its portfolio with functional food and beverage offerings, catering to evolving consumer preferences. poppi's rapid growth and strong consumer engagement make it a strategic addition to PepsiCo's lineup. The company plans to leverage its capabilities to further scale poppi's momentum and reach new growth opportunities.
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