PepsiCo Inc. announced the completion of its acquisition of Poppi for $1.95 billion, a deal first announced in March 2025. The transaction includes $300 million of anticipated cash tax benefits for a net purchase price of $1.65 billion, as well as performance-based earnout contingent on achievement of certain performance metrics.
PepsiCo called the deal for the prebiotic soda brand “a significant step” in the transformation of its portfolio and an additional signal of its efforts to bring functional products to consumers. The company expects to scale up Poppi, building off the momentum the brand has built as well as the additional boost functional soda products have seen lately. Poppi is made with prebiotics, fruit juice and apple cider vinegar, and brings a community- and culture-first approach to marketing and engagement.
Chris Hall, CEO of Poppi, said the acquisition was “a tremendous validation of the work” the team has done, and that the resources available to the brand will be instrumental to Poppi’s next phase of growth.
