PepsiCo: no new acquisitions in drinks sector
The CEO of PepsiCo, the second largest soft drink manufacturer in the US, has revealed that the company plans no new acquisitions in the current economic climate, despite sales of carbonated soft drinks falling three percent in North America. Instead, the New York-based PepsiCo will focus on acquisitions in the growing snacks sector. Before the economic slump, the company purchased beverage companies Izze, Naked Juice and a major juice maker in Russia. It also owns Tropicana, SoBe LifeWater and Gatorade brands.