PepsiCo has completed 4 recorded acquisitions and 1 divestiture or spin-off, spanning 1997 to 2020.
| Date | Type | Assets | Counterparty | Value |
|---|---|---|---|---|
| Mar 2020 | Acquisition | Rockstar Energy | — | $3.85bn |
| Dec 2018 | Acquisition | SodaStream | — | $3.2bn |
| Nov 2005 | Acquisition | Stacy's | — | undisclosed |
| Aug 2001 | Acquisition | Gatorade, Quaker and Quaker Chewy | Quaker Oats Company | $13.4bn |
| Oct 1997 | Spin-off | KFC, Pizza Hut and Taco Bell | Yum! Brands | — |
PepsiCo acquired Rockstar Energy for $3.85 billion, having distributed the brand in North America since 2009. It gave PepsiCo a wholly owned energy drink at a point when the category was growing faster than carbonated soft drinks.
PepsiCo acquired SodaStream for $144 per share in cash, about $3.2 billion. Buying a company whose product lets people make fizzy drinks at home was an unusual move for a business that sells them ready-made in cans.
Frito-Lay acquired Stacy's Pita Chips, started by a couple who had turned leftover pita from their sandwich cart into a snack. Baking rather than frying gave it a health positioning the rest of the snack aisle could not match. The price was not disclosed.
PepsiCo acquired The Quaker Oats Company in an all-stock merger, primarily to obtain Gatorade, which gave it the leading position in sports drinks. The Federal Trade Commission cleared the deal after a split vote, with a consent order restricting distribution arrangements.
PepsiCo spun off its restaurant business as Tricon Global Restaurants, taking KFC, Pizza Hut and Taco Bell out of the drinks and snacks company. PepsiCo had found that operating restaurants competed for capital with its packaged goods brands and complicated its relationships with other chains. Tricon renamed itself Yum! Brands in 2002.
Full chart with a text equivalent, free to republish with attribution.
Ownership recorded here as having ended, whether or not a deal record with a filing behind it exists for the transfer.
| Brand | Owned from | Until | Owner today |
|---|---|---|---|
| Pizza Hut | Nov 1977 | Oct 1997 | Yum! Brands |
| Taco Bell | Jan 1978 | Oct 1997 | Yum! Brands |
| KFC | Oct 1986 | Oct 1997 | Yum! Brands |