PURCHASE, N.Y. and TEL AVIV, Israel, Dec. 5,
2018 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP)
("PepsiCo") announced today that it has completed its
acquisition of SodaStream International Ltd., as previously
announced, acquiring all outstanding shares for $144 per share.
"I couldn't be prouder or more excited to welcome SodaStream to
the PepsiCo family," said Ramon
Laguarta, PepsiCo Chief Executive Officer. "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."
The transaction is another step in PepsiCo's Performance with
Purpose journey, supporting health and wellness through
environmentally friendly, cost-effective and fun-to-use beverage
solutions, and the company's Beyond the Bottle strategy to form a
more sustainable beverage ecosystem. PepsiCo's strong research and
development capabilities, global reach, design and marketing
expertise, combined with SodaStream's differentiated and unique
product range position SodaStream for further expansion and
breakthrough innovation.
Daniel Birnbaum, SodaStream CEO
and Director said: "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. 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."
About PepsiCo
PepsiCo products are enjoyed by consumers more than one billion
times a day in more than 200 countries and territories around the
world. PepsiCo generated more than $63
billion in net revenue in 2017, driven by a complementary
food and beverage portfolio that includes Frito-Lay, Gatorade,
Pepsi-Cola, Quaker and Tropicana. PepsiCo's product portfolio
includes a wide range of enjoyable foods and beverages, including
22 brands that generate more than $1
billion each in estimated annual retail sales.
At the heart of PepsiCo is Performance with Purpose – our
fundamental belief that the success of our company is inextricably
linked to the sustainability of the world around us. We believe
that continuously improving the products we sell, operating
responsibly to protect our planet and empowering people around the
world enable PepsiCo to run a successful global company that
creates long-term value for society and our shareholders. For more
information, visit www.pepsico.com.
About SodaStream
SodaStream is the #1 sparkling water brand in volume in the
world and the leading manufacturer and distributor of Sparkling
Water Makers. We enable consumers to easily transform ordinary tap
water into sparkling water and flavored sparkling water in seconds.
By making ordinary water fun and exciting to drink, SodaStream
helps consumers drink more water. Sparkling Water Makers offer a
highly differentiated and innovative solution to consumers of
bottled and canned carbonated soft drinks. Our products promote
health and wellness, are environmentally friendly, cost effective,
customizable and fun to use. Our products are available at more
than 80,000 individual retail stores across 45 countries. To learn
more about how SodaStream makes water exciting and follow
SodaStream on Facebook, Twitter, Pinterest, Instagram and YouTube,
visit http://www.sodastream.com.
Forward Looking Statements
Statements in this communication that are "forward-looking
statements" are based on currently available information, operating
plans and projections about future events and trends. Terminology
such as "estimate," "expect," "may," "plan," "position," "will" or
similar statements or variations of such words and other similar
expressions are intended to identify forward-looking statements,
although not all forward looking statements contain such terms.
Forward-looking statements inherently involve risks and
uncertainties that could cause actual results to differ materially
from those predicted in such forward looking statements. Such risks
and uncertainties include, but are not limited to: changes in
demand for PepsiCo's products, as a result of changes in consumer
preferences or otherwise; changes in, or failure to comply with,
applicable laws and regulations; imposition or proposed imposition
of new or increased taxes aimed at PepsiCo's products; imposition
of labeling or warning requirements on PepsiCo's products; changes
in laws related to packaging and disposal of PepsiCo's products;
PepsiCo's ability to compete effectively; failure to successfully
complete or integrate acquisitions and joint ventures into
PepsiCo's existing operations, including with respect to the
SodaStream acquisition; or to complete or manage divestitures or
refranchisings; changes in estimates and underlying assumptions
regarding future performance that could result in an impairment
charge; increase in income tax rates, changes in income tax laws or
disagreements with tax authorities; PepsiCo's ability to recruit,
hire or retain key employees or a highly skilled and diverse
workforce; loss of any key customer or disruption to the retail
landscape, including rapid growth in hard discounters and the
e-commerce channel; climate change or water scarcity, or legal,
regulatory or market measures to address climate change or water
scarcity; other factors that may adversely affect the price of
PepsiCo's publicly traded securities and financial performance.
For additional information on these and other factors that could
cause PepsiCo's or SodaStream's actual results to materially differ
from those set forth herein, please see PepsiCo's filings with the
Securities and Exchange Commission, including its most recent
annual report on Form 10-K and subsequent reports on Forms 10-Q and
8-K and SodaStream's filings with the Securities and Exchange
Commission, including its most recent annual report on Form 20-F
and subsequent Reports of Foreign Private Issuer on Form 6-K.
Investors are cautioned not to place undue reliance on any such
forward-looking statements, which speak only as of the date they
are made. PepsiCo and SodaStream undertake no obligation to update
any forward-looking statement, whether as a result of new
information, future events or otherwise.
Contacts:
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Investors
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Media
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Jamie
Caulfield
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Carrie
Ratner
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Investor
Relations
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Corporate
Communications
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+ 1
914-253-3035
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+ 1
914-253-3817
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investor@pepsico.com
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carrie.ratner@pepsico.com
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SOURCE PepsiCo, Inc.