PepsiCo buys into alternative beverages
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...
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.
