PepsiCo Acquires Remaining Stakes in Sabra Dipping Company and Obela

Sabrosura Foods Acquires Pancho's Mexican Foods

November 16, 2021

Food & Beverage

Sabrosura Foods, a Bloomington, Minnesota-based marketer of Hispanic food brands and a portfolio company of Centre Partners, has acquired Pancho's Mexican Foods, the Memphis-origin refrigerated queso dip brand founded in 1956. The add-on expands Sabrosura's snacking and Hispanic cheese portfolio and aims to broaden Pancho's nationwide distribution across mass, club and grocery channels; terms were not disclosed.

PepsiCo Acquires poppi

May 19, 2025

Food & Beverage

PepsiCo has closed its acquisition of poppi, the prebiotic soda brand, for $1.95 billion (including $300 million of anticipated cash tax benefits), for a net purchase price of $1.65 billion. The deal also includes a performance-based earnout contingent on achieving certain performance metrics.

PepsiCo Completes Acquisition of Siete Foods (Garza Food Ventures LLC) for $1.2 Billion

January 17, 2025

Food & Beverage

PepsiCo has closed its acquisition of Garza Food Ventures LLC, doing business as Siete Foods, for $1.2 billion. The deal expands PepsiCo’s convenient foods portfolio with Siete’s heritage-inspired, better-for-you Mexican-American brands and products.

PepsiCo Invests $550M in Celsius Holdings and Signs Long-Term Distribution Deal

August 1, 2022

Food & Beverage

PepsiCo will invest $550 million in Celsius Holdings via convertible preferred stock (approximately an 8.5% as-converted stake) and will nominate a director to Celsius' board. The agreement also establishes PepsiCo as Celsius' preferred global distribution partner and transitions U.S. distribution to PepsiCo starting August 1, 2022.

JAB Acquires Mondelez's Stake in JDE Peet's and Distributes Shares to JCP Investors

October 21, 2024

Food & Beverage

JAB agreed to buy Mondelez’s 86 million shares in JDE Peet’s for €25.10 per share, increasing JAB’s stake in JDE Peet’s to 68%. JAB also distributed 43 million JDE Peet’s shares (9% of issued capital) to over 70 limited partners of JAB Consumer Partners, raising JDE Peet’s free float to 32%.

NextFoods Merges Cheribundi and GoodBelly; Emil Capital Partners Leads Investment

April 5, 2023

Food & Beverage

NextFoods announced the merger of functional-beverage brands Cheribundi and GoodBelly into a combined NextFoods entity to capture product and channel synergies and scale nationwide. Emil Capital Partners is the largest investor in the combined company and Marcel Bens (current CEO of Cheribundi) will become CEO of NextFoods while Juan Gluth moves to Chief Commercial Officer.