PepsiCo Inc. unveiled a $3.3 billion sale of its Tropicana and other juice brands in North America. The deal was closed with a French Private equity firm named PAI Partners.
About the company:
PepsiCo Inc. was founded in 1965 with Donald Kendall as its CEO accompanied by Herman Lay, the CEO of Frito-Lay. They both envisioned the company to become one of the best food and beverage companies. They called it a ‘marriage made in heaven. Its roots go back to 1898 when an entrepreneur Celeb Bradham from New Bern, North Carolina, created Pepsi-Cola. Pepsi's net revenue recorded was more than $20 billion in 2020. It was driven by the food and beverage portfolio including Frito-Lay, Pepsi-Cola, SodaStream. Tropicana was brought by PepsiCo in 1998 from ...
