PepsiCo Inc., Purchase, N.Y., has entered into an agreement with PAI Partners (PAI) to sell Tropicana, Naked and other select juice brands across North America, and an irrevocable option to sell certain juice businesses in Europe, which will result in combined pre-tax cash proceeds of approximately $3.3 billion while retaining a 39% non-controlling interest in a newly formed joint venture. PAI, a leading private equity firm with strong experience in the food and beverage space, will be the majority shareholder of the transferred business, with PepsiCo retaining exclusive U.S. distribution rights to the portfolio of brands in its chilled direct-store-delivery for small-format and foodservice channels.

Tropicana, a brand of Purchase, N.Y.-based PepsiCo Inc., is announcing its newest product offerings: Tropicana Kids and Tropicana Coco Blends.

Ahead of its 70^th anniversary, Tropicana, a brand of Purchase, N.Y.-based PepsiCo Inc., announced the launch of Tropicana Essentials Probiotics, a new 100 percent juice with probiotics.

Through a strategic alliance with PepsiCo’s Tropicana brand, Ocean Spray Cranberries Inc. developed new Ocean Spray Premium Cranberry and Blueberry juices for the refrigerated section.

 PepsiCo’s Tropicana brand now is offering its flagship premium orange juice product in a family-sized pitcher.