PepsiCo has completed the acquisition of Israeli firm SodaStream.
PepsiCo has completed the acquisition of Israeli firm SodaStream. In August, PepsiCo said that it was buying the Israeli company that makes machines to carbonate home tap water for $3.2 billion.
Ramon Laguarta, CEO of PepsiCo, said, "With its customisable options, SodaStream empowers consumers to personalise their preferred beverage in an environmentally friendly way and provides PepsiCo with a significant presence in the at-home marketplace."
"Together with SodaStream, I'm confident we can accelerate progress on our shared goal of curbing plastic waste and building a more sustainable future," he added.
Daniel Birnbaum, CEO, SodaStream, stated, "SodaStream was founded to bring healthy, convenient and environmentally friendly beverage options to consumers around the world and PepsiCo will help us deliver and expand on this mission."