Drinks giant PepsiCo has bought Israel’s fizzy drink maker SodaStream for 3.2 billion dollars (£2.5 billion).
PepsiCo said it is acquiring all SodaStream’s outstanding shares at 144 dollars (£112) per share, a 32% premium to the 30-day volume weighted average price.
Earlier this month, SodaStream reported its strongest results in company history, a 31% year-over-year jump in revenues to 172 million dollars (£134 million), an 89% leap in operating profit to 32 million dollars (£25 million) and an 82% climb by net profit to 26 million dollars (£20 million).
Calling all bubble lovers, we want your pollution solutions! Tweet us your favorite ways to reduce waste and you could win an Aqua Fizz Starter Kit and one of our Fruit Drops. pic.twitter.com/QQhWYLsUDG
— SodaStream USA (@SodaStreamUSA) August 17, 2018
PepsiCo chairman and CEO Indra Nooyi has called the companies “an inspired match”.
Three years ago, SodaStream shut down its West Bank factory amid international boycott calls and opened a sprawling new factory deep in Israel’s Negev Desert instead.
Actress Scarlett Johansson was previously a brand ambassador for the company.
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