PepsiCo (PEP) Just Took A Full Stake In This Company

Back in 2013, Pepsico, Inc. bought a minority stake in KeVita. According to PepsiCo, KeVita offers two dozen flavors of probiotic drinks, all of which are “certified organic, gluten-free, and vegan.”

The beverage giant just fully acquired Kevita for $200 million. This figure is less than the $500 million that rumors said would be the price.

PepsiCo has revealed that KaVita beverages will also help the company reach its 2025 goal of “Two-thirds of beverage portfolio volume 100 calories or fewer from added sugars per 12-ounce serving.”

In the past, PepsiCo has acquired Tropicana, Quaker Oats (which includes Gatorade), and Naked Juice.

Disclaimer: We have no position in PepsiCo Inc. (NYSE: PEP) and have not been compensated for this article.

Sofia Vida

Sofia has been writing for major news outlets for over 15 years. In her spare time she enjoys hiking, walking her dogs, and going to concerts.

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