PepsiCo buys out SodaStream for $4.2 billion
On August 20, 2018, PepsiCo, Inc. announced a buyout of US3.2 billion (~CDN $4.2 billion) for SodaStream International Ltd., an Israel-headquartered manufacturer of carbonated beverages gaining entry into the at-home carbonated drink market as a new revenue stream, though SodaStream did recently venture into the retail canned carbonated drink market.
The two companies have been partners since 2015.
SodaStream is headquartered in Lod, Israel and has 13 production plants. It had revenues of US$413.13 million in 2015.
Other recent movements within the North American beverage market include Coca-Cola purchasing a minority share in BodyArmor, a purveyor of sports drinks; and Dr. Pepper Snapple and Keurig Green Mountain merging to form Keurig Dr Pepper.