PepsiCo has announced that it has completed its acquisition of SodaStream International (declared in August), at a company valuation of $3.2 billion.
“I couldn’t be prouder or more excited to welcome SodaStream to the PepsiCo family,” said Ramon Laguarta, PepsiCo’s ceo. “With its customisable options, SodaStream empowers consumers to personalise their preferred beverage in an environmentally friendly way and provides PepsiCo with a significant presence in the at-home marketplace. “
Ramon added: “Together with SodaStream, I’m confident we can accelerate progress on our shared goal of curbing plastic waste and building a more sustainable future.”
Daniel Birnbaum, SodaStream ceo and director welcomed future growth with the support of PepsiCo’s world-leading marketing and R&D teams, and access to new markets and channels. He stated: “We are thrilled to become part of PepsiCo and join its diverse and talented team. SodaStream was founded to bring healthy, convenient and environmentally friendly beverage options to consumers around the world—and PepsiCo will help us deliver and expand on this mission.”
Top: SodaStream’s Spirit machine.
