Pepsi Acquires Prebiotic Soda Brand Poppi for Nearly $2 Billion

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Summary

Pepsi to buy Poppi prebiotic soda for $1.95 billion

PepsiCo has secured a nearly $2 billion deal to buy prebiotic-infused soda brand Poppi, the food and beverage manufacturer announced Monday.

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Good Morning America

PepsiCo Buying Poppi Was Inevitable

Over the past two decades, big soda brands like Coca-Cola and Pepsi have seen soda consumption in the United States and beyond decline significantly as health experts warn about the dangers of consuming too much sugar.

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Eater

Fury as PepsiCo's buys controversial 'health drink' for $2 BILLION

Poppi soda, which costs $2.49 per can, has garnered a significant following, including celebrities like JLo and Paris Hilton who have inked lucrative advertising deals with the drink's makers It claims to be 'better for you' due to the two grams of prebiotic fiber that are in every can — said to help boost healthy bacteria in the gut that are important for a host of vital health functions.

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Daily Mail

Western Razor Co.

Ditch the disposables and switch to an American-made safety razor and get a better shave.

News Results

PepsiCo buys prebiotic soda brand Poppi for nearly $2 billion

PepsiCo will buy upstart brand Poppi for $1.95 billion. The deal includes $300 million of anticipated cash tax benefits. The company did not say when the deal is expected to close, pending regulatory approval. The brand's formula includes apple cider vinegar, pre-biotics and five grams of sugar.

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25m ago

PepsiCo is acquiring another Austin-based company in a billion-dollar purchase

Poppi has been under fire following a lawsuit that claimed its drinks don't improve gut health as much as its marketing suggests. The company agreed to a settlement that includes $8.9 million for payments to consumers. The deal includes a net purchase price of $1.65 billion and $300 million in anticipated cash benefits.

MIDDLE

23m ago

First Siete, next Poppi? - Austin Business Journal

Poppi co-founders Allison and Stephen Ellsworth didn't immediately respond to a request for comment from the Austin Business Journal. PepsiCo's $1.2 billion acquisition of Austin-based Siete Foods earlier this year. CPG founders typically raise a lot of funding, meaning they have to find an exit.

MIDDLE

24m ago

PepsiCo acquires prebiotic soda brand Poppi for $1.95 billion By Investing.com

PepsiCo has agreed to purchase the prebiotic soda brand Poppi for a sum of $1.95 billion. This move marks PepsiCo’s latest venture into the healthier soda category. The deal also includes $300 million of anticipated cash tax benefits.

MIDDLE

24m ago

PepsiCo to Acquire Better-for-you Soda Brand Poppi for $1.95 Billion

PepsiCo announced that it would acquire better-for-you prebiotic soda brand Poppi. The deal includes $300 million of anticipated cash benefits bringing the net purchase price to $1.65 billion. This announcement follows several swirling rumors last Friday regarding the news.

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24m ago

Can Pepsi's poppi purchase help it go younger as Americans drink less soda?

PepsiCo spent $1.65 billion to buy out its soda competitor, poppi. The move comes as Americans are drinking less soda nearly every year.

MIDDLE

24m ago

Pepsi Is Buying Poppi For Nearly $2 Billion & Fans Are LIVID

PepsiCo has acquired the prebiotic soda brand Poppi for $1.95 billion. The acquisition comes as more shoppers move away from traditional sodas like Mountain Dew and Sprite for healthier options. Fans are not happy about the deal, with one saying, "This just ruined my day"

MIDDLE

24m ago

PepsiCo buys prebiotic soda brand Poppi to gain a foothold in functional drinks

PepsiCo said Monday it’s acquiring the prebiotic soda brand Poppi for $1.95 billion. The acquisition gives PepsiCo a fast-growing brand in the popular functional beverage category. “We can’t wait to begin this next chapter with PepsiCo to bring our soda to more people,” co-founder Allison Ellsworth says.

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25m ago

PepsiCo to acquire Poppi in $1.95B deal - Austin Business Journal

PepsiCo announced March 17 that it will buy the prebiotic soda brand in a deal valued at $1.95 billion. Additional terms of weren't disclosed. The agreement comes on the heels of PepsiCo's purchase of Siete Foods for $ 1.2 billion.

MIDDLE

25m ago

Pepsi products get shakeup as brand purchases Shark Tank backed drink

Poppi was launched back in 2018 by Allison and Stephen Ellsworth, in Austin, Texas, as a health-focused drink. It combines prebiotics, fruit juice, and apple cider vinegar to create a low-calorie soda. The same year it was founded, Poppi received backing on Shark Tank, from investor Rohan Oza.

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25m ago

PepsiCo to buy healthy soda brand Poppi for nearly $2B

PepsiCo announced Monday that it will acquire prebiotic soda brand Poppi. The deal includes $300 million of anticipated cash tax benefits, making the net purchase price $1.65 billion. PepsiCo CEO Ramon Laguarta said now, more than ever, consumers are seeking choices that align with their lifestyles.

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25m ago

Pepsi enters the ‘healthy’ soda market, buys Poppi for $1.6 billion

PepsiCo, Inc. announced that it had reached a deal to acquire prebiotic soda brand Poppi for a net purchase price of $1.65 billion. The move marks the soda giant’s move into healthy sodas, following headlines from Coca-Cola.

LEFT

25m ago

Western Razor Co.

Ditch the disposables and switch to an American-made safety razor and get a better shave.