PepsiCo's $1.95 Billion Acquisition of Poppi Marks Largest Deal in Recent Trading Volume

On May 20, 2025, PepsiCo's trading volume reached $948 million, marking a 23.51% decrease from the previous day. The company's stock price saw a slight increase of 0.01%.

PepsiCo has successfully completed the acquisition of poppi, a fast-growing prebiotic soda brand, for $1.95 billion. This acquisition includes $300 million in anticipated cash tax benefits, resulting in a net purchase price of $1.65 billion. The transaction also features a performance-based earnout contingent on achieving specific performance metrics.

This strategic move aligns with PepsiCo's ongoing transformation of its portfolio, reinforcing its commitment to meeting evolving consumer preferences for functional, great-tasting products. poppi, known for its vibrant packaging and strong social media presence, has cultivated a loyal community, particularly among Gen Z and millennial audiences. The brand's mission to modernize soda for the next generation, using prebiotics, fruit juice, and apple cider vinegar, offers a refreshing, low-calorie drink with no more than five grams of sugar per serving.

PepsiCo's CEO of Beverages U.S., Ram Krishnan, highlighted that poppi's rapid growth, strong consumer engagement, and differentiated functional positioning make it a dynamic addition to their portfolio. The acquisition is expected to scale poppi's momentum and unlock new growth opportunities through PepsiCo's capabilities.

Chris Hall, CEO of poppi, expressed gratitude for PepsiCo's belief in the brand, stating that their partnership and resources will be instrumental in scaling to the next phase of growth. The acquisition is part of PepsiCo's broader strategy to align with consumers' modern wellness priorities, following recent acquisitions such as Siete and Sabra.