Global food and drinks giant Pepsico has acquired Israel-based SodaStream for $3.2 billion. SodaStream makes home-machines which transform tap water into carbonated water that can be flavoured by adding syrups. “Today marks an important milestone in the SodaStream journey. It is validation of our mission to bring healthy, convenient and environmentally friendly beverage solutions to consumers around the world”, commented Daniel Birnbaum, SodaStream director and CEO. “PepsiCo and SodaStream are …
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Global company Starbucks Corporation is said to be in advanced talks to acquire 10 percent of SodaStream International Ltd. The home carbonated beverage machine company reportedly has a value of $1.1. billion. Starbucks’ offer reflected a 30 per cent premium on the $850 million market price of SodaStream, it is ireported. According to Australian Food News, sources suggest that SodaStream was seeking a partner, similar to the agreement between Coca-Cola …
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