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The global Food & beverage leader PepsiCo, has announced that it entered into an agreement to acquire one of the largest online snacks companies in China, Hangzhou Haomusi Food Co., Ltd. (Be & Cheery), from Haoxiangni Health Food Co., Ltd. for $705 million. The deal helps PepsiCo to become a China’s leading consumer-centric food and beverage company.

Be & Cheery was founded in 2003, at Hangzhou, China.  The company offers nuts, dried fruits, meat snacks, baked goods, and confectionery. The company sells online through the major e-commerce platforms in China.

 

The PepsiCo has acquired BFY Brands and Pioneer Foods last year, details are featured below:

In December 2019, PepsiCo, announced that it has entered into a definitive agreement to acquire BFY Brands, the maker of PopCorners snacks. After completion of the deal, BFY Brands will report into PepsiCo’s Frito-Lay North America division.  The addition of BFY Brands will expand Frito-Lay’s snacking portfolio, and the company will offer consumers more positive nutritious options.

In July 2019: PepsiCo, Inc. announced that the company has an agreement to Pioneer Foods Group approximately US $1.7 billion. Pioneer Foods robust product portfolio complements PepsiCo’s current lineup, with strong positions in cereals, juices, and other African nutritional food staples, includes, scaled brands like Weet-Bix, Liqui-Fruit, Ceres, Sasko, Safari, Spekko, and White Star.

 

About PepsiCo

PepsiCo is a global food and beverage company, based in America. The company is engaged in marketing, manufacturing, and distribution of grain-based snacks, carbonated and non-carbonated beverages and foods. The company has the consumer in more than 200 countries in the world.

PepsiCo’s product portfolio includes a wide range of foods and beverages, including 23 brands that generate more than USD 1 billion each in estimated annual retail sales. Its complementary food and beverage portfolio includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. The company is made up of six divisions: PepsiCo Beverages North America; Frito-Lay North America; Quaker Foods North America; Latin America; the Middle East and North Africa and  Europe Sub-Saharan Africa; and Asia.

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