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M&A Deal Summary

PepsiCo Acquires poppi

On March 17, 2025, PepsiCo acquired beverage company poppi for 2.0B USD

Acquisition Highlights
  • This is PepsiCo’s 11th transaction in the Beverages sector.
  • This is PepsiCo’s 6th largest (disclosed) transaction.
  • This is PepsiCo’s 19th transaction in the United States.
  • This is PepsiCo’s 3rd transaction in Texas.

M&A Deal Summary
Date 2025-03-17
Target poppi
Sector Beverages
Buyer(s) PepsiCo
Deal Type Add-on Acquisition
Deal Value 2.0B USD
Advisor(s) Goldman Sachs (Financial)
Cooley (Legal)

Target

poppi

Austin, Texas, United States
poppi is a prebiotic soda brand that combines prebiotics and fruit juice to create a deliciously refreshing, mouthwatering low-calorie soda with no more than 5 grams of sugar per serving. The company's brand-first approach, cultural cache, and rapid growth have nurtured an incredibly loyal community, including celebrity fans. It is available in 14 delicious flavors Strawberry Lemon, Raspberry Rose, Orange, Ginger Lime, Watermelon, Cherry Limeade, Grape, Wild Berry, Classic Cola, Root Beer, Doc Pop, Lemon Lime, Orange Cream and Cherry Cola. poppi is based in Austin, Texas.

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Buyer(S) 1

Buyer

PepsiCo

Purchase, New York, United States
Category Company
Founded 1898
Sector Beverages
Employees318,000
Revenue 91.5B USD (2023)
DESCRIPTION
PepsiCo office in Columbia, Maryland.
PepsiCo office in Columbia, Maryland.

PepsiCo is a global food and beverage company. PepsiCo's brands include Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. Through its operations, authorized bottlers, contract manufacturers and other third parties, PepsiCo makes, markets, distributes and sells a wide variety of beverages, foods and snacks. PepsiCo was founded in 1898 and is based in Purchase, New York.

DEAL STATS #
Overall 28 of 28
Sector (Beverages) 11 of 11
Type (Add-on Acquisition) 20 of 20
State (Texas) 3 of 3
Country (United States) 19 of 19
Year (2025) 1 of 1
Size (of disclosed) 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-01 Siete Foods

Austin, Texas, United States

Siete Foods is a food brand, that makes grain-free products based in Austin, Texas.

Buy $1.2B
Mergr

Product

Company

Legal