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PepsiCo Officially Wraps Up Acquisition of SodaStream

PepsiCo has completed its acquisition of SodaStream. The first report of the acquisition became public a few months ago. Adding SodaStream to its portfolio allows PepsiCo to take advantage of the growing sparkling water category. More consumers are searching for healthier alternatives to soda and sugary juices. The acquisition also allows PepsiCo to capitalize on the growing recycling and sustainability trend. SodaStream allows consumers to make their own drinks in reusable bottles at home. They purchase carbonation bottles and particular syrups to bring the flavors together.

“I couldn’t be prouder or more excited to welcome SodaStream to the PepsiCo family,” said Ramon Laguarta, PepsiCo Chief Executive Officer.

Read the full story at Yahoo! Finance.