PepsiCo takes full control of Sabra Obela

Strauss divests stake in Sabra US hummus venture to PepsiCo for $244 million
Food manufacturer sells holding in joint venture after declining sales amid fierce competition and an uptick in the anti-Israel boycott campaign in the US The post Strauss divests stake in Sabra US hummus venture to PepsiCo for $244 million appeared first on The Times of Israel.
PepsiCo takes full control of Sabra Obela from Strauss Group for $244 million
PepsiCo purchased 50% of the Sabra Obela dips brand from Strauss for $244 million (NIS 900 million), making it the full owner.
PepsiCo to Take Full Control of Sabra and Obela in Strategic Expansion Move
The action will make PepsiCo the exclusive proprietor of Sabra and Obela, brands focused on chilled dips and spreads. Leading the U.S. hummus market with $400 million in retail sales, Sabra was co-founded by PepsiCo and Strauss over 15 years ago.
PepsiCo Takes Full Ownership of Sabra, Obela Brands
PepsiCo has agreed to take full ownership of the Sabra and Obela dip and spread brands from Israeli foodmaker Strauss Group for an undisclosed amount. The beverage and snack maker said Friday that ...
PepsiCo to acquire full ownership of Sabra and Obela JVs
Sabra and Obela were established as 50/50 joint ventures between PepsiCo and Israel’s Strauss Group. Credit: LCV/Shutterstock. PepsiCo is to buy out Israel’s Strauss Group from their Sabra and ...
PepsiCo To Buy Out Sabra Dipping And Obela JVs From Strauss Group; Terms Not Disclosed
Snack and beverage giant PepsiCo, Inc. (PEP) announced Friday its agreement to acquire the remaining 50% interest in Sabra Dipping
PepsiCo to acquire full ownership of Sabra, Obela brands for $244M
The deal with Strauss Group will enable the CPG giant to expand its better-for-you portfolio by giving it full control over ...
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PEPSICO TO ACQUIRE FULL OWNERSHIP OF SABRA AND OBELA
PepsiCo has focused on the fresh dips category for over 15 years, forming Sabra and Obela as 50/50 joint ventures with the Strauss Group in 2008 and 2012, respectively. Sabra has become a ...
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PepsiCo Strengthens Hold On US Hummus Market with Sabra & Obela Buyout
This acquisition will make PepsiCo the sole owner of the companies behind Sabra and Obela products. Sabra and Obela, 50/50 joint ventures between PepsiCo and Strauss Group, focus on ...