PAI Partners to Acquire Tropicana, Naked and Select Juice Brands from PepsiCo

August 3, 2021

PAI Partners has agreed to acquire Tropicana, Naked and other select North American juice brands from PepsiCo in a deal that will create a joint venture in which PAI is the majority shareholder and PepsiCo retains a 39% non-controlling interest. The transaction, expected to close in late 2021 or early 2022 for approximately $3.3 billion in combined pre-tax cash proceeds, transfers a juice business that generated about $3 billion in 2020 net revenue and preserves PepsiCo's exclusive U.S. chilled distribution rights for certain channels.

Buyers
PAI Partners
Targets
Tropicana (and associated juice brands including Naked)
Sellers
PepsiCo
Industry
Food & Beverage
Location
Illinois, United States
Transaction Type
Divestiture

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.