PepsiCo announced on Monday that it will acquire the popular prebiotic soda brand Poppi for $1.95 billion (£1.50 billion), marking a significant step in the company's broader push towards health-conscious products.
The statement released by the company said, 'PepsiCo has entered into a definitive agreement to acquire Poppi, a fast-growing prebiotic soda brand, for $1.95 billion, including $300 million of anticipated cash tax benefits for a net purchase price of $1.65 billion.' The deal is supposed to propel Poppi's growth under PepsiCo's vast distribution network. However, the process might come as a challenge for the company since the prebiotic soda brand is grappling with a $5 million lawsuit over misleading health claims.
