PepsiCo (PEP) will acquire the outstanding 50% stake in Sabra Dipping Company (Sabra) and PepsiCo-Strauss Fresh Dips & Spreads International (Obela). Read more details here.

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PepsiCo to acquire full ownership of Sabra and Obela

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BizToc

PepsiCo Strengthens Hold On US Hummus Market with Sabra & Obela Buyout

PepsiCo will pay $244 million to fully own the Sabra and Obela brands, which have the largest market share of refrigerated fresh hummus in the US.

Globes

Strauss sells 50% Sabra dips stake to PepsiCo

PepsiCo plans to acquire remaining 50% stake in Sabra and Obela, strengthening its position in the refrigerated dips market. The $400MM brand acquisition closes in 2024.

stocktitan.net

PepsiCo to Acquire Full Ownership of Sabra Hummus in Strategic Expansion Deal

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Dive Brief: 
PepsiCo is purchasing the remaining half of Sabra and Obela dip and spread brands that it doesn’t already own from Strauss Group. The Israeli food manufacturer said PepsiCo is paying $240.8 million for the rest of Sabra and $3 million for the remainder of Obela.  
Pepsico and Strauss created Sabra as a joint venture in 2008, with eac…

WDC TV News

PepsiCo to acquire full ownership of Sabra, Obela brands for $244M

PepsiCo has agreed to acquire the remaining 50% interest in Sabra Dipping Company and PepsiCo-Strauss Fresh Dips & Spreads International.

foodbev.com

PepsiCo to take full ownership of Sabra and Obela for ILS 900m

The deal with Strauss Group will enable the CPG giant to expand its better-for-you portfolio by giving it full control over the dip and spread products.

fooddive.com

PepsiCo to acquire full ownership of Sabra, Obela brands for $244M

PepsiCo is to buy out Israel's Strauss Group from their Sabra and Obela dips ventures.The post PepsiCo to acquire full ownership of Sabra and Obela JVs   appeared first on Just Food.

PepsiCo to acquire full ownership of Sabra and Obela

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