PEPSICO TO ACQUIRE FULL OWNERSHIP OF SABRA AND OBELA [Yahoo! Finance]
PepsiCo, Inc. (PEP)
Last pepsico, inc. earnings: 4/28 06:03 am
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Source: Yahoo! Finance
PURCHASE, N.Y. Nov. 22, 2024 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) today announced its agreement to acquire the remaining 50% interest in Sabra Dipping Company, LLC (Sabra) and PepsiCo-Strauss Fresh Dips & Spreads International GmbH (Obela) and become the sole owner of these companies, which make Sabra and Obela products. Sabra and Obela are currently 50/50 joint ventures that had been formed between PepsiCo and Strauss Group to manufacture, distribute, and sell refrigerated dips and spreads. The Sabra joint venture is based in New York and operates in the U.S. and Canada . The Obela joint venture is based in Geneva and operates in Australia New Zealand and Mexico PepsiCo has focused on the fresh dips category for over 15 years, forming Sabra and Obela as 50/50 joint ventures with the Strauss Group in 2008 and 2012, respectively. Sabra has become a leading hummus brand with nearly $400MM in retail sales in the U.S. This transaction will enable PepsiCo to continue to transfo
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- PEPSICO TO ACQUIRE FULL OWNERSHIP OF SABRA AND OBELAPR Newswire
- Center for Employment Opportunities Denver Named a Top 100 Nonprofit in North America, Awarded PepsiCo Foundation Community Impact Award [Yahoo! Finance]Yahoo! Finance
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- PepsiCo Declares Quarterly DividendPR Newswire
PEP
Earnings
- 10/9/24 - Beat
PEP
Sec Filings
- 10/8/24 - Form 10-Q
- 10/8/24 - Form 8-K
- 10/3/24 - Form 4
- PEP's page on the SEC website