PepsiCo
PepsiCo Acquires Poppi for Nearly $2 Billion
On March 17, PepsiCo (Purchase, NY) announced it entered a definitive agreement to acquire Poppi (Austin, TX), the popular prebiotic soda brand, for $1.95 billion including $300 million of anticipated cash tax benefits. The acquisition also includes additional potential earnout considerations subject to the achievement of certain performance milestones within a specified period after closing ...
Twinlab Names Anthony Zolezzi CEO
Anthony Zolezzi has been named chief executive officer of Florida-based nutritional and nutrient supplement company, Twinlab Consolidated Holdings, Inc. (Twinlab). Formally appointed to the company’s board of directors in May of this year, in his new role as CEO, Zolezzi will lead the 50-year-old company into the next evolution of transforming personal health through nutrition. ...
PepsiCo Acquires KeVita for Undisclosed Sum
After months of speculation, PepsiCo recently announced in a press release the purchase of KeVita, the sparkling probiotic beverage company in which it has held a minority investment stake since 2013, for an undisclosed sum. “I am pleased to welcome KeVita into the PepsiCo family. Under the leadership of CEO Bill Moses, KeVita has become ...
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