PepsiCo to sell Tropicana, other juices, in $3.3B deal | Nation/World News

NEW YORK (AP) – PepsiCo will sell Tropicana and other juices to a private equity firm for $ 3.3 billion in pre-tax revenue.

As part of the deal with PAI Partners, PepsiCo will hold a non-controlling interest of 39% in a newly formed joint venture. The company also retains exclusive US distribution rights for the branded portfolio in its refrigerated direct delivery for small format and food service channels.

New York-based PepsCo Inc. also has the ability to sell certain juice businesses in Europe.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed in any way without permission.

Comments are closed.