How many companies has PepsiCo, Inc. acquired?

PepsiCo, Inc. has made 8 documented acquisitions, with a combined disclosed deal value of $28.6B.

What was PepsiCo, Inc.'s first major acquisition?

PepsiCo, Inc.'s earliest documented acquisition in this dataset is Tropicana in 1998.

What is PepsiCo, Inc.'s largest acquisition by deal value?

PepsiCo, Inc.'s largest acquisition by disclosed deal value is Quaker Oats Company in 2001, valued at $13.4B.

How much has PepsiCo, Inc. spent on acquisitions in total?

PepsiCo, Inc. has spent a combined disclosed total of $28.6B across its 8 documented acquisitions.

CorpDigest

Search companiesSearchK Contact

PepsiCo, Inc.

Food & BeverageFounded 1965

Reviewed by Swet Parvadiya

Last reviewed: July 2026

Explore PepsiCo

Core profile pages, annual revenue records, and related research hubs for this company.

Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.

CorpDigest

Search companiesSearchK Contact

PepsiCo, Inc.

Food & BeverageFounded 1965

Reviewed by Swet Parvadiya

Last reviewed: July 2026

Acquisitions

PepsiCo Acquisitions

Q: What is PepsiCo, Inc.'s most recent acquisition?

PepsiCo, Inc.'s most recent documented acquisition is Siete Foods in 2025. PepsiCo acquired Siete Foods to add Mexican-American, grain-free, and better-for-you food products to its portfolio. The brand brought tortillas, chips, sauces, seasonings, cookies, beans, and other products with strong cultural identity and simple-ingredient positioning..

Total Acquisitions

$28.6B

Disclosed Deal Value

Siete Foods

2025

$1.2B

Why

PepsiCo acquired Siete Foods to add Mexican-American, grain-free, and better-for-you food products to its portfolio. The brand brought tortillas, chips, sauces, seasonings, cookies, beans, and other products with strong cultural identity and simple-ingredient positioning.

Outcome

Siete gives PepsiCo a high-growth food platform that can be scaled through national retail access. The key risk is preserving the brand's authenticity while expanding it through a large corporate system.

Poppi

2025

$1.9B

Why

PepsiCo acquired Poppi to enter the fast-growing prebiotic soda category with an established challenger brand. The deal supports PepsiCo's push into lower-sugar, functional, health-adjacent beverages aimed at younger consumers.

Outcome

Poppi gives PepsiCo a direct answer to changing soda preferences and competition from functional beverage startups. The outcome depends on scaling distribution while managing health-claim scrutiny and competition from rivals such as Olipop and Coca-Cola's functional beverage moves.

Rockstar Energy Beverages

2020

$3.9B

Why

PepsiCo acquired Rockstar to strengthen its owned position in energy drinks after years of being less forceful in the category than Monster and Red Bull. The deal allowed PepsiCo to use its beverage distribution and marketing capabilities in a faster-growing category.

Outcome

Rockstar gave PepsiCo a direct energy-drink platform, but the 2025 Celsius agreement changed the North American structure. Celsius acquired the Rockstar brand in the U.S. and Canada, while PepsiCo retained international ownership and continued distribution in the U.S.

Pioneer Foods

2020

$1.7B

Why

PepsiCo acquired Pioneer Foods to strengthen its presence in South Africa and broader sub-Saharan Africa. The company brought local food brands, manufacturing, and distribution capability in a region PepsiCo views as a long-term packaged-food growth market.

Outcome

The deal expanded PepsiCo's African footprint and improved local relevance. Its success depends on currency stability, affordability, and the ability to integrate local brands without losing their regional strength.

BFY Brands

2020

Why

PepsiCo acquired BFY Brands, maker of PopCorners, to expand Frito-Lay's better-for-you snack portfolio and add popped snack manufacturing capabilities. The deal gave PepsiCo a brand aligned with demand for lighter snack formats.

Outcome

PopCorners strengthened PepsiCo's snack renovation strategy and gained broader visibility through Frito-Lay distribution and marketing. The acquisition has been useful because it fits directly into PepsiCo's existing snack routes.

SodaStream

2018

$3.2B

Why

PepsiCo acquired SodaStream to enter at-home sparkling water and reduce reliance on traditional bottled and canned beverage formats. The deal aligned with health, customization, and packaging-waste reduction themes.

Outcome

SodaStream gave PepsiCo a differentiated beyond-the-bottle platform and a sustainability narrative. It has not displaced traditional beverages, but it remains strategically useful as packaging regulation and at-home beverage preparation gain attention.

Quaker Oats Company

2001

$13.4B

Why

PepsiCo acquired Quaker Oats primarily to gain Gatorade, a leading sports drink brand, while also adding Quaker breakfast and grain products. The deal strengthened PepsiCo's position in non-carbonated beverages and gave it a major platform outside cola.

Outcome

Gatorade became one of PepsiCo's most valuable beverage franchises and justified much of the strategic logic of the deal. Quaker's food portfolio has been less dynamic, but the acquisition still reshaped PepsiCo's beverage mix and sports-marketing presence.

Tropicana

1998

$3.3B

Why

PepsiCo acquired Tropicana to expand into premium juice and reduce dependence on carbonated soft drinks. Tropicana gave PepsiCo a strong refrigerated juice brand at a time when juice looked aligned with healthier beverage demand.

Impact

The acquisition expanded PepsiCo's non-carbonated beverage portfolio and gave it a credible juice platform for many years. Over time, however, consumer concern about sugar in juice and category pressure weakened the strategic case.

Outcome

PepsiCo sold a majority stake in Tropicana and certain juice brands in 2021, making the deal a mixed long-term success. It helped diversify the company, but it also showed that health-oriented categories can lose relevance when consumer nutrition views change.

PepsiCo, Inc.'s Growth & Acquisition Strategy

PepsiCo strategy centers on international growth, productivity, brand restages, zero-sugar beverages, functional hydration, convenient foods, and portfolio renovation. Steve Schmitt became CFO effective November 10, 2025, adding new finance leadership for the next phase of cost discipline.

How PepsiCo, Inc. Makes Money

PepsiCo makes money from convenient foods, beverages, concentrates, foodservice, licensing, and international packaged-food operations. The company sells finished products through company-owned and third-party distribution, and it benefits from direct-store-delivery strength in snacks and beverages.

Explore PepsiCo

Core profile pages, annual revenue records, and related research hubs for this company.

Content is for informational purposes only. Not financial advice. Data sourced from SEC filings, annual reports, and public records. See our full disclaimer and methodology.

Acquisitions

PepsiCo Acquisitions

Total Acquisitions

$28.6B

Disclosed Deal Value

Siete Foods

2025

$1.2B

Why

Outcome

Poppi

2025

$1.9B

Why

Outcome

Rockstar Energy Beverages

2020

$3.9B

Why

Outcome

Pioneer Foods

2020

$1.7B

Why

Outcome

BFY Brands

2020

Why

Outcome

SodaStream

2018

$3.2B

Why

Outcome

Quaker Oats Company

2001

$13.4B

Why

Outcome

Tropicana

1998

$3.3B