“This joint venture with PAI allows us to obtain significant upfront value, while providing the concentration and resources needed to generate further long-term expansion for those beloved brands,” said PepsiCo President and CEO Ramón Laguarta. “In addition, it will allow us to our existing portfolio of diversified offerings, adding the development of our portfolio of healthier snacks, calorie-free beverages and products like SodaStream, which aim to be better for other people and the planet. “
“We are excited to integrate these mythical beverage brands into PAI’s portfolio through some other partnership with a leading global food and beverage company. We have a wonderful prospect of expansion through investments in product innovation, expansion to adjacent categories and a larger scale in branded juice beverages. and other refrigerated categories,” said Frédéric Stévenin, managing partner of PAI. We are also thrilled that PepsiCo remains concerned as a spouse in the joint venture as we execute our plans to boost the long-term good fortune of those brands. “