PEPSICO TO ACQUIRE FULL OWNERSHIP OF SABRA AND OBELA
PepsiCo (NASDAQ: PEP) has announced plans to acquire the remaining 50% stake in Sabra Dipping Company and Obela, making it the sole owner of both companies. These joint ventures, previously shared with Strauss Group since 2008 and 2012 respectively, manufacture and distribute refrigerated dips and spreads. Sabra, operating in the US and Canada, has grown to become a leading hummus brand with nearly $400MM in retail sales. Obela operates in Australia, New Zealand, and Mexico. The transactions are expected to close by end of 2024.
PepsiCo (NASDAQ: PEP) ha annunciato piani per acquisire il restante 50% della partecipazione in Sabra Dipping Company e Obela, diventando l'unico proprietario di entrambe le aziende. Queste joint ventures, precedentemente condivise con il gruppo Strauss dal 2008 e dal 2012 rispettivamente, producono e distribuiscono salse e spalmabili refrigerate. Sabra, operante negli Stati Uniti e in Canada, è diventata un marchio di hummus leader con quasi 400 milioni di dollari di vendite al dettaglio. Obela opera in Australia, Nuova Zelanda e Messico. Le transazioni dovrebbero chiudersi entro la fine del 2024.
PepsiCo (NASDAQ: PEP) ha anunciado planes para adquirir el 50% restante de Sabra Dipping Company y Obela, convirtiéndose en el único propietario de ambas empresas. Estas empresas conjuntas, que anteriormente compartían con el Grupo Strauss desde 2008 y 2012 respectivamente, fabrican y distribuyen dips y untar refrigerados. Sabra, que opera en EE. UU. y Canadá, se ha convertido en una marca líder de hummus con casi 400 millones de dólares en ventas al por menor. Obela opera en Australia, Nueva Zelanda y México. Se espera que las transacciones se cierren a finales de 2024.
펩시코 (NASDAQ: PEP)는 사브라 딥핑 컴퍼니와 오벨라의 남은 50% 지분을 인수할 계획을 발표하며 두 회사의 단독 소유자가 됩니다. 이 합작투자는 각각 2008년과 2012년부터 스트라우스 그룹과 공유해 왔으며, 냉장 딥과 스프레드를 제조 및 유통합니다. 사브라는 미국과 캐나다에서 운영되며, 거의 4억 달러의 소매 매출을 기록한 선도적인 후무스 브랜드로 성장했습니다. 오벨라는 호주, 뉴질랜드, 멕시코에서 운영됩니다. 거래는 2024년 말까지 마감될 예정입니다.
PepsiCo (NASDAQ: PEP) a annoncé son intention d'acquérir les 50% restants de Sabra Dipping Company et de Obela, devenant ainsi le seul propriétaire des deux entreprises. Ces coentreprises, partagées depuis 2008 et 2012 respectivement avec le groupe Strauss, fabriquent et distribuent des dips et des tartinades réfrigérées. Sabra, qui opère aux États-Unis et au Canada, est devenue une marque de houmous leader avec près de 400 millions de dollars de ventes au détail. Obela opère en Australie, en Nouvelle-Zélande et au Mexique. Les transactions devraient être finalisées d'ici la fin de 2024.
PepsiCo (NASDAQ: PEP) hat Pläne zur Übernahme der verbleibenden 50% Beteiligung an Sabra Dipping Company und Obela angekündigt, was es zum alleinigen Eigentümer beider Unternehmen macht. Diese Joint Ventures, die zuvor seit 2008 und 2012 jeweils mit der Strauss-Gruppe geteilt wurden, stellen gekühlte Dips und Aufstriche her und vertreiben sie. Sabra ist in den USA und Kanada tätig und hat sich zu einer führenden Hummus-Marke mit fast 400 Millionen US-Dollar im Einzelhandelsumsatz entwickelt. Obela ist in Australien, Neuseeland und Mexiko tätig. Es wird erwartet, dass die Transaktionen bis Ende 2024 abgeschlossen sind.
- Sabra generates nearly $400MM in retail sales in the U.S.
- Full ownership allows PepsiCo to accelerate innovation in fresh dips category
- Acquisition expands PepsiCo's presence in growing refrigerated dips market
- Geographic expansion across multiple markets (US, Canada, Australia, New Zealand, Mexico)
- None.
Insights
This strategic acquisition strengthens PepsiCo's position in the growing fresh dips and spreads market. With Sabra generating
The timing is particularly strategic given the growing consumer demand for healthier snacking alternatives and fresh, refrigerated products. By taking full control of both Sabra and Obela, PepsiCo gains complete operational control and the ability to accelerate innovation and market expansion without requiring joint venture partner approval. This could lead to faster product development and market responsiveness, potentially driving growth in this category.
The refrigerated dips and spreads market represents a high-growth segment within the broader food industry. Hummus, in particular, has seen substantial growth as consumers increasingly seek plant-based protein options. Taking full ownership of Sabra, the market leader in hummus, positions PepsiCo to capitalize on several key market trends:
- Growing demand for healthier snacking options
- Rising popularity of Mediterranean and plant-based foods
- Increasing consumer preference for fresh, refrigerated products over shelf-stable alternatives
The international presence through Obela in Australia, New Zealand and Mexico provides additional growth vectors and geographical diversification.
Enables PepsiCo to Accelerate Innovation in Refrigerated Fresh Dips and Spreads to Meet Growing Consumer Demand
Further Expands Company's Positive Choice Portfolio
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
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
"As we evolve our food portfolio and bring people more choices for more occasions, our aim is to meet the growing demand for positive choices and on-the-go options," said Steven Williams, Chief Executive Officer, PepsiCo Foods North America. "Nutritious, simple foods like refrigerated dips and spreads represent a space we have long desired to expand in the
The transactions are subject to customary closing conditions and are expected to close by the end of 2024. Additional terms of the acquisitions were not disclosed.
About PepsiCo
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than
Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with pep+ (PepsiCo Positive). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit www.PepsiCo.com.
PepsiCo Cautionary Statement
Statements in this communication that are "forward-looking statements" are based on currently available information, operating plans and projections about future events and trends. Terminology such as "believe," "expect," "future," " "intend," "may," "plan," "position," "potential," "should," "will" or similar statements or variations of such words and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from those predicted in such forward-looking statements. Such risks and uncertainties include, but are not limited to: the risks associated with the deadly conflict in
For additional information on these and other factors that could cause PepsiCo's actual results to materially differ from those set forth herein, please see PepsiCo's filings with the SEC, including its most recent annual report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Media Contact:
Andrea Foote
andrea.foote@pepsico.com
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SOURCE PepsiCo, Inc.
FAQ
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