PepsiCo to acquire PopCorners maker for undisclosed sum
PepsiCo Inc. (PEP) said late Monday it plans to buy BFY Brands Inc., which makes PopCorners snacks, for an undisclosed sum. PepsiCo stock was flat in after-hours trading. PepsiCo said BFY Brands will report to the company's Frito-Lay North America division. "BFY Brands offers distinctive products that deliver the great taste and ingredients consumers are looking for," PepsiCo Chief Executive Steven Williams said in a statement. "Their production capabilities will support the growth of our existing, more-nutritious snack brands." PepsiCo stock has gained 23% this year, as the S&P 500 index rose 24%.
-Max A. Cherney; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
December 02, 2019 16:28 ET (21:28 GMT)
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