Recently the PepsiCo decided to spend over a billion dollars to acquire a Texas based prebiotic soda company.
It’s crazy as this is the second big business acquisition that PepsiCo has made in Texas, as back in October we told you about Siete Foods being purchased for $1.2 billion dollars.
What Texas Business Was Purchased and For How Much?
PepsiCo is adding the soda brand Poppi to its brand for the purchase price of $1.95 billion dollars.
Poppi in Hot Water About Health Claims
You’ve probably seen Poppi at a local grocery store, but the brand has been in some hot water recently as there are claims that the soda doesn’t improve your stomach health as much as its marketing suggests.
Poppi denied the claims but did agree to a settlement of $8.9 million in a fund for payment to consumers…