PepsiCo Acquires poppi

American Beverage Corporation (Harvest Hill) Acquires Poppilu

November 14, 2022

Food & Beverage

American Beverage Corporation, a subsidiary of Harvest Hill Beverage Company, has acquired Poppilu, a Chicago-based mom-founded kids' lemonade brand. The acquisition expands Harvest Hill/American Beverage's portfolio in the better-for-you kids' beverage category and will broaden Poppilu's national retail reach.

Barcel USA (Grupo Bimbo) Acquires Popcornopolis from NexPhase Capital

October 29, 2021

Food & Beverage

Barcel USA, the U.S. snack division of Grupo Bimbo, has acquired Popcornopolis LLC from private equity firm NexPhase Capital. Terms were not disclosed; Popcornopolis — a gourmet, ready-to-eat popcorn manufacturer and DTC brand — will join Barcel USA's snack portfolio following NexPhase's 2019 investment and recent retail and e-commerce growth.

J&J Snack Foods Acquires Dippin' Dots for $222 Million

June 21, 2022

Food & Beverage

J&J Snack Foods Corp. entered into a definitive agreement to acquire Dippin' Dots, L.L.C., a producer of flash-frozen beaded ice cream treats, for $222 million (subject to customary adjustments). The deal was funded with cash and senior debt financing and was expected to close by the end of June 2022; J&J later announced the acquisition closed on June 21, 2022, including the Doc Popcorn business operated by Dippin' Dots.

PepsiCo Completes Acquisition of Siete Foods (Garza Food Ventures LLC) for $1.2 Billion

January 17, 2025

Food & Beverage

PepsiCo has closed its acquisition of Garza Food Ventures LLC, doing business as Siete Foods, for $1.2 billion. The deal expands PepsiCo’s convenient foods portfolio with Siete’s heritage-inspired, better-for-you Mexican-American brands and products.

Keurig Dr Pepper Acquires Majority Stake in GHOST for $1.65B

October 24, 2024

Food & Beverage

Keurig Dr Pepper (KDP) agreed to acquire a 60% stake in GHOST (GHOST Lifestyle LLC and GHOST Beverages LLC) for roughly $990 million, with plans to purchase the remaining 40% by 2028 for a total transaction value of $1.65 billion. The founders will remain in leadership, and KDP expects to integrate GHOST into its U.S. refreshment beverages segment and leverage its distribution network to scale the energy drink and sports nutrition brand.

UpSnack Brands Acquires Pipcorn and Spudsy

October 31, 2024

Food & Beverage

UpSnack Brands, a newly formed snack-platform company, has acquired the assets of Pipcorn Heirloom Snacks and Spudsy, combining two better-for-you, upcycled snack brands under one umbrella. Joe DePetrillo (former CEO of Pipcorn) will serve as CEO of UpSnack Brands while Spudsy founder Ashley Rogers will transition to a role with Sprinkles CPG in the KarpReilly family of brands.