Purchase, NY—PepsiCo, Inc. has entered into an agreement with PAI Partners to sell several of their North American juice brands, including Naked and Tropicana, as well as several juice businesses in Europe. According to a press release, this will result in combined pre-tax cash proceeds of approximately $3.3 billion while...
Plano, TX—Frito-Lay's WomanMade Challenge has awarded $100K in business grants to three female entrepreneurs. Originally intended to be a live event at Natural Products Expo West, WomanMade decided to continue the award show virtually after receiving news of the shows cancellation. “Female founders are the epitome of persistence in the...
Austin, MN—Hormel Foods Corporation has entered into a definitive agreement to sell its CytoSport business to PepsiCo, Inc., according to a press release. The release notes that the transaction is subject to customary regulatory approvals, but is expected to be completed in 30-60 days. According to Hormel’s First Quarter Results...
PepsiCo continues its push into more nutritious foods with the acquisition of plant-based snack food brand Health Warrior. The deal is the first investment by “the Hive, a PepsiCo entity focused on emerging trends and designed to grow smaller brands. Health Warrior, which launched in 2011, will continue to operate...
Purchase, NY – PepsiCo will expand its “better for you” snack portfolio with the acquisition of Bare Foods, which makes baked fruit and vegetable snacks and will continue to operate independently from San Francisco. Terms were not disclosed. In announcing the deal recently, PepsiCo said since 2006, the percentage of...
Lake Success, N.Y. -- PepsiCo is the latest food and beverage company to emerge as a logical acquirer of Hain Celestial, which has been linked in the past week with Nestle, Kraft Heinz, Pinnacle Foods and General Mills. “The company doesn’t comment on rumors,” Hain spokesperson Mary Anthes told WholeFoods.
