date:Aug 05, 2021
PepsiCo is selling its Juice businesses, comprising Tropicana, Naked and others across North America and certain juice businesses in Europe, to PAI Partners for $3.3 billion.
The deal sees PepsiCo retain a 39% non-controlling interest in a newly formed joint venture.
PAI, a private equity firm with strong experience in the food and beverage space, will be the majority shareholder of the transferred business, with PepsiCo retaining exclusive US distribution rights to the portfolio of brands in