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PepsiCo Acquires SodaStream For 32 Billion To Reach Consumers Beyond The Bottle

PURCHASE, NY -- PepsiCo has agreed to buy sparkling beverage machine maker SodaStream in a $3.2 billion deal. The Israeli company makes a countertop machine and refillable gas cylinders that let users make their own carbonated drinks at home. Flavor can be added with special drops and syrups. PepsiCo will buy SodaStream for $144 per share in cash. The SodaStream transaction is another step in PepsiCo's "Performance with Purpose" mission, promoting health and wellness through environmentally friendly, cos...

August 19, 2018

PURCHASE, NY -- PepsiCo has agreed to buy sparkling beverage machine maker SodaStream in a $3.2 billion deal.

The Israeli company makes a countertop machine and refillable gas cylinders that let users make their own carbonated drinks at home. Flavor can be added with special drops and syrups.

PepsiCo will buy SodaStream for $144 per share in cash.

The SodaStream transaction is another step in PepsiCo's "Performance with Purpose" mission, promoting health and wellness through environmentally friendly, cost-effective and fun-to-use beverage solutions.

"SodaStream is highly complementary and incremental to our business, adding to our growing water portfolio, while catalyzing our ability to offer personalized in-home beverage solutions around the world," said incoming PepsiCo chief executive Ramon Laguarta, who will succeed Indra Nooyi on Oct. 3.  "From breakthrough innovations like Drinkfinity to beverage dispensing technologies like Spire for foodservice and Aquafina water stations for workplaces and colleges, PepsiCo is finding new ways to reach consumers beyond the bottle."

The companies expect to finalize the deal by January 2019, subject to a vote by SodaStream shareholders.