Pepsi set to acquire company that turns tap water into flavored water


Pepsi will soon have a new way to get into your home while offering what’s been called a healthier option for drinking water.

The company announced Monday that it will acquire SodaStream, a company whose products turn normal tap water into flavored sparkling water, for $3.2 billion.

»RELATED: Local Elder-Beerman stores could close as early as Sunday

“Today marks an important milestone in the SodaStream journey. It is validation of our mission to bring healthy, convenient and environmentally friendly beverage solutions to consumers around the world,” said Daniel Birnbaum, SodaStream CEO and director. “We are honored to be chosen as PepsiCo’s beachhead for at home preparation to empower consumers around the world with additional choices.”

The partnership is expected to help SodaStream grow via Pepsi’s distribution capabilities and global reach.

Pepsi traditionally has a large presence in the Dayton area. In October, the company announced that it would consolidate two distribution centers in Dayton and Spingfield into one Fairborn facility. In 2014, the Milburn Avenue facility in Dayton also stopped its canning operations.

»RELATED: Sears among six retailers closing in Ohio this year

“PepsiCo and SodaStream are an inspired match,” said PepsiCo chairman and CEO Indra Nooyi. “Daniel and his leadership team have built an extraordinary company that is offering consumers the ability to make great-tasting beverages while reducing the amount of waste generated.”

The deal is expected to close in January 2019.

FIVE FAST READS

• Plan to see new products at local ALDI stores: Here’s what we know

• Temperature abuse caused Chipotle outbreak: 3 things to know about it

Kroger to remodel area store’s deli, bakery

• Sears closure: How Miami Twp. planned for its closing

• Popular apparel store at The Greene getting a makeover



Reader Comments ...


Next Up in News

Opinion: Is President Trump racist? He doesn’t mind sounding like one

To those who complain that I never seem to have anything positive to say about President Donald Trump, now hear this: I appreciate his lack of ability to hide his sexism and racism, among other odious -isms. Or maybe it’s simply a lack of interest. I try to use the S-word and the R-word sparingly. The words spark so many different reactions that...
Opinion: Stan Lee’s work a reflection of his times

Stan Lee, the reinventor of the comic book, died Nov. 12 at the ripe old age of 95. Comic books get a bad rap, although not nearly as bad as they used to. There was a time when comic books were the cause of an all-out moral panic. After the release of psychiatrist Fred Wertham’s book “The Seduction of the Innocent,” the Senate held...
Clark County Pet of the Week
Clark County Pet of the Week

We have a very special Pet of the Week this week. Bernie came to us when her owner suddenly passed. Unfortunately all of her family lives out of state and isn’t able to take her. Bernie is a 7-year-old Burmese mix. She weighs in right now at about 80 pounds and is on a diet, but making progress. Bernie has been very friendly at the shelter, dog...
Champaign County Pet of the Week
Champaign County Pet of the Week

Evelyn is a 5-year-old female Calico domestic short-haired cat. She has been at the shelter for almost three years now and is our adventurer. Evelyn enjoys hanging out in the laundry room. She has a unique voice, too. Evelyn is a good girl and gets along with the other cats. She has been spayed, is up to date on vaccinations and has tested negative...
Woman dies at hospital, family claims she was disposed of like ‘garbage’
Woman dies at hospital, family claims she was disposed of like ‘garbage’

After a woman died inside a Memphis hospital, her family is claiming the way she was buried was unethical.  >> Read more trending news  The woman’s sister just found out Friday that she was buried last month – without the family’s permission.  Eartha Duncan said her family’s only wish for the holidays is...
More Stories