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 Strengthens Hold On US Hummus Market with Sabra & Obela Buyout
PepsiCo, Inc. (NASDAQ:PEP) disclosed a deal to acquire the remaining 50% stake in Sabra Dipping Company, LLC, and PepsiCo-Strauss Fresh Dips & Spreads International GmbH for an undisclosed amount. This acquisition will make PepsiCo the sole owner of the companies behind Sabra and Obela products.
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 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.
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 acquire remaining 50% interest of Sabra and Obela, terms undisclosed
PepsiCo (PEP) announced its agreement to acquire the remaining 50% interest in Sabra and PepsiCo-Strauss Fresh Dips & Spreads
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 ...
Yahoo Finance2d
PepsiCo's Bold Move: Full Ownership of Sabra & Obela Changes the Game for Fresh Dips
Sabra, the top hummus brand in the U.S., rakes in nearly $400 million annually, while Obela holds its ground in markets like Australia and Mexico. This isn't just about hummus; it's about PepsiCo ...
KRQE Blogs2d
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 ...