“I couldn’t be prouder or more excited to welcome SodaStream to the PepsiCo family,” enthused PepsiCO CEO Ramon Laguarta.
By World Israel News Staff
PepsiCo, Inc. announced Wednesday the completion of its acquisition of SodaStream International Ltd., acquiring all outstanding shares of the Israeli carbonated drinks company for $144 per share in a deal with an estimated value of $3.2 billion, Globes reported.
“I couldn’t be prouder or more excited to welcome SodaStream to the PepsiCo family. With its customizable options, SodaStream empowers consumers to personalize their preferred beverage in an environmentally friendly way and provides PepsiCo with a significant presence in the at-home marketplace.
“Together with SodaStream, I’m confident we can accelerate progress on our shared goal of curbing plastic waste and building a more sustainable future,” PepsiCo CEO Ramon Laguarta said, according to the Globes news site.
“We are thrilled to become part of PepsiCo and join its diverse and talented team. SodaStream was founded to bring healthy, convenient and environmentally friendly beverage options to consumers around the world – and PepsiCo will help us deliver and expand on this mission,” SodaStream CEO Daniel Birnbaum said.
“With some of the world’s leading marketing and R&D teams, and access to new markets and channels, we are excited to grow hand-in-hand with PepsiCo in the months and years to come.”
“The recent major acquisitions of Israeli companies prove not only the technological capabilities that have been developed in Israel, but the business capabilities as well,” Birnbaum said.
“I welcome this huge deal that will enrich the state treasury and also the important decision to keep the company in Israel,” Prime Minister Benjamin Netanyahu said in August, when news of the pending acquisition was announced.
SodaStream is the leading sparkling water brand in volume in the world and the leading manufacturer and distributor of Sparkling Water Makers.
Ramon Laguarta and Daniel Birnbaum will be keynote speakers at the Globes Israel Business Conference in Jerusalem on December 19-20, Globes said.