Pepsi buys SodaStream
Pepsi will buy household drink-machine maker SodaStream for $3.2bn.
Israel-based SodaStream focuses on turning water into sparkling water to appeal to health- and environmentally-conscious consumers.
Pepsi said the transaction has been unanimously approved by both firm’s boards and is expected to close by January 2019. It is another step in its bid to “promoting health and wellness through environmentally friendly, cost-effective and fun-to-use beverage solutions”. Pepsi also said its strong global distribution capabilities would position SodaStream for further expansion.