date:Feb 25, 2020
PepsiCo has signed a definitive agreement with the China-based Haoxiangni Health Food company to acquire Hangzhou Haomusi Food (Be Cheery) for $705m.
Established in 2003, the confectionary industry regards Be Cheery as one of the largest online snacks companies in China.
Its portfolio includes nuts, dried fruits, meat snacks, baked goods and confectionery. It sells its products through the major e-commerce platforms in China.
Be Cheery chairman Haoqun Qiu said: We are thrilled to be joini