PepsiCo buys Chinese snack brand Be & Cheery for $705 million

PepsiCo buys Chinese snack brand Be & Cheery for $705 million

PepsiCo Inc has agreed to buy Chinese snack brand Be & Cheery from local jujube maker Haoxiangni Health Food Co Ltd for $705 million. Be & Cheery’s products includes nuts, dried fruits, meat snacks, baked goods and confectionery items. The US food and beverage maker said that the deal will help Pepsi become ’China’s leading consumer-centric food and beverage company.’

Kathy
Kathy
T3hGladiator
T3hGladiator 1 months

American company buying a Chinese company, seems good. Unless Pepsi is going to be forced to give up their formula to the Chinese government. The havoc they'd wrought.

Top in Business
Get the App