PepsiCo (PEP) is buying one of the world’s top sparkling water brands, SodaStream (SODA), for $3.2 billion.
The move – which was unanimously approved by the boards of both companies — will boost Pepsi’s efforts to shift from its traditional soft drinks business into healthier options.
SodaStream’s products are marketed as a healthy alternative to sugary sodas. This fits Pepsi’s goal of “making more nutritious products while limiting our environmental footprint,” Pepsi CEO Indra Nooyi said in a statement.
