PepsiCo Agrees to Acquire BFY Brands
December 02 2019 - 4:46PM
Dow Jones News
By Stephen Nakrosis
PepsiCo, Inc. (PEP) said Monday it agreed to buy snack company
BFY Brands.
BFY is the maker of PopCorners snacks. The company employs about
750 people, mainly at manufacturing facilities in Middletown and
Liberty, N.Y.
Once the deal closes, BFY will be added to the Frito-Lay North
America division of PepsiCo.
Steven Williams, the chief executive of PepsiCo Foods North
America, said BFY's "production capabilities will support the
growth of our existing, more-nutritious snack brands."
Financial terms of the deal weren't disclosed.
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
December 02, 2019 16:31 ET (21:31 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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