Pepsi completes sports drink purchase

Related tags Quaker oats Gatorade Pepsico

Shareholders of US soft drinks maker PepsiCo and Quaker Oats Co
approved this week PepsiCo's acquisition of the maker of Gatorade
sports drinks.

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Shareholders of US soft drinks maker PepsiCo and Quaker Oats Co approved this week PepsiCo's acquisition of the maker of Gatorade sports drinks. PepsiCo, the second biggest soft-drink maker, also agreed to sell its All Sport sports drink to Monarch Co for undisclosed terms, the company said in a statement. The acquisition of Quaker Oats​, subject to approval from the US Federal Trade Commission, would give PepsiCo​ a third of the $US 10 billion US market for non-carbonated beverages. Gatorade, the biggest-selling sports drink, is a $US 1.84 billion business, according to analysts. PepsiCo and Quaker Oats expect their transaction to close at the end of the second quarter. The New York-based company agreed to buy Chicago-based Quaker Oats in December for $US 13.5 billion in stock and assumed debt.

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