PepsiCo Inc., Purchase, N.Y., has completed its acquisition of SodaStream International Ltd., Airport City, Israel, as previously announced, acquiring all outstanding shares for $144 a share.
“I couldn’t be prouder or more excited to welcome SodaStream to the PepsiCo family,” said Ramon Laguarta, PepsiCo chief executive officer (CEO), in a statement. “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.”