PepsiCo acquires poppi for $1.95 Bn

poppi, a fast-growing prebiotic soda brand, is among PepsiCo’s recent acquisitions

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

The acquisition marks a significant step in PepsiCo’s ongoing transformation of its portfolio, reinforcing its commitment to meeting evolving consumer preferences for great-tasting, functional products. poppi, a fast-growing prebiotic soda brand, is among PepsiCo’s recent acquisitions, including Siete and Sabra, aimed at aligning with consumers’ modern wellness priorities.

“poppi represents a compelling strategic fit within our short- and long-term vision for the future of beverages,” said Ram Krishnan, CEO, PepsiCo Beverages US. “Its rapid growth, strong consumer engagement, and differentiated functional positioning make it a dynamic addition to our portfolio. We are excited to scale poppi’s momentum and unlock new growth through our capabilities – we’re just getting started.”

On a mission to modernise soda for the next generation, poppi is a fast-growing functional soda brand made with prebiotics, fruit juice, and apple cider vinegar – offering a refreshing, low-calorie drink with no more than five grams of sugar per serving. poppi has taken a community- and culture-first approach – from vibrant packaging to a strong social media presence, viral TikTok campaigns, and influencer partnerships – all of which have cultivated a loyal community and effectively engaged Gen Z and millennial audiences.

“PepsiCo’s belief in the poppi brand is a tremendous validation of the work we’ve done to advance our mission,” said Chris Hall, CEO, poppi. “Their partnership and resources will be instrumental as we scale to our next phase of growth. We’re incredibly grateful to our passionate community and look forward to welcoming even more consumers into the poppi portfolio.”