PepsiCo recently completed its acquisition of SodaStream International Ltd., as previously announced, acquiring all outstanding shares for $144 per share in a deal valued at $3.2 billion.
Ramon Laguarta, PepsiCo CEO, stated, “With its customizable options, SodaStream empowers consumers to personalize their preferred beverage in an environmentally friendly way and provides PepsiCo with a significant presence in the at-home marketplace. Together with SodaStream, I’m confident we can accelerate progress on our shared goal of curbing plastic waste and building a more sustainable future.”
PepsiCo noted that its strong research and development capabilities, global reach, design and marketing expertise, combined with SodaStream’s differentiated product range, position SodaStream for further expansion and innovation.
Daniel Birnbaum, SodaStream CEO, said, “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. With some of the world’s leading marketing and R&D teams, and access to new markets and channels, we are excited to grow hand-in-hand with PepsiCo in the months and years to come.”