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Mergers and Acquisitions

Business
PepsiCo Buys Poppi For $1.95B As Prebiotic Soda Industry Heats Up PepsiCo Buys Poppi For $1.95B As Prebiotic Soda Industry Heats Up
PepsiCo Buys Poppi For $1.95B As Prebiotic Soda Industry Heats Up PepsiCo is making a nearly two-billion-dollar bet on the future of soda. Pepsi said it will acquire Poppi, a fast-growing prebiotic soda brand, the company said in a news release on Monday, Mar. 17. The $1.95 billion deal aims to strengthen Pepsi's push into health-focused beverages. The Texas-based brand, founded by husband-and-wife duo Allison and Stephen Ellsworth, skyrocketed in popularity after landing an investment on the TV show "Shark Tank". With its mix of prebiotics, fruit juice, and apple cider vinegar, Poppi has built a loyal following as a low-calorie alternative to tradit…

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by Chris Spiker
News
The Hershey Company Plans To Acquire Health Conscious Chocolate Company Lily The Hershey Company Plans To Acquire Health Conscious Chocolate Company Lily
The Hershey Company Plans To Acquire Health Conscious Chocolate Company Lily The Hershey Company has signed an agreement to acquire Lily's, health conscious chocolate company. Lily's makes low-sugar products include dark and milk chocolate bars, baking chips, peanut butter cups and other confection products that align with Hershey's multi-pronged better-for-you snacking strategy. View this post on Instagram A post shared by The Hershey Company (@hersheycompany) "Hershey is focused on developing a better-for-you confection portfolio that offers a variety of choices to meet the evolving needs of our consumers," said…

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by Jillian Pikora