Nov 22 PepsiCo Inc said on Tuesday it
would buy health beverage maker KeVita Inc, in an effort to
diversify its soft drinks business and tap health conscious
California-based KeVita offers more than two dozen flavors
of probiotic drinks, and all its drinks are certified organic,
gluten-free and vegan, PepsiCo said in a statement.
Financial terms of the deal were not disclosed.
Earlier on Tuesday, soft-drinks maker Dr Pepper Snapple
Group Inc said it would buy antioxidant beverages maker
Bai Brands LLC for $1.7 billion.
Reuters reported last month that Pepsi was nearing a deal to
(Reporting by Laharee Chatterjee in Bengaluru; Editing by Sai