PepsiCo buys into alternative beverages

- Last updated on GMT

Related tags: United states

U.S. drinks manufacturer PepsiCo Inc., announced this week that it
has reached a definitive agreement to acquire a majority state in
the U.S. South Beach...

U.S. drinks manufacturer PepsiCo Inc., announced this week that it has reached a definitive agreement to acquire a majority state in the U.S. South Beach Beverage Company, maker of the SoBe brand, non-carbonated alternative beverages with herbal ingredients. PepsiCo said that SoBe will be operated as a separate unit. The acquisition includes a full range of SoBe products, including fruit blends, energy drinks, dairy-based drinks, exotic teas and other beverages with herbal ingredients. Terms of the agreement were not disclosed.

Related topics: Market Trends

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