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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.
PepsiCo (PEP) plans to tap into Poppi's positioning as a "better-for-you" soda company offering prebiotic drinks with less than 5 grams of sugar per serving. With its sale price to Pepsi at $1.7 ...
Pepsi will acquire the upstart prebiotic soda brand Poppi for nearly $2 billion. It may be a sign of the growing interest in the functional beverage market.