PepsiCo: Acquisition of Prebiotic Soda Brand Poppi Adds to Beverage Giant’s Better-For-You Offerings

On March 17, wide-moat PepsiCo announced the $1.65 billion purchase of Texas-based Poppi, a soda brand known for naturally derived dietary fibers that are billed as improving gut health. Founded in 2015, Poppi's sparkling drinks are now widely distributed in the US via wide-moats Walmart, Amazon and Costco as well as no-moat Target. The Poppi purchase is the largest beverage acquisition for PepsiCo following the 2020 purchase of Rockstar for $3.85 billion, signaling the beverage maker's commitment to expanding healthier beverage options to meet rising consumer health awareness.