What was the strategic logic behind selling the company to PepsiCo for 1.95 billion USD?
Replied byAllison Ellsworth
Co-founder at Poppi
Niche: Retail
Revenue: Approx. $42 Million/month
Location: Austin, Texas, United States
Started: 2015
To build a global brand, we needed massive distribution to access stadiums, college campuses, and subways, which were previously off-limits due to legacy contracts. PepsiCo also provided operational synergies, laboratory resources, and significant cost savings on aluminum cans.
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