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PURCHASE, N.Y. — PepsiCo Inc. is evolving its snacking business through a new acquisition pact.
PEP agrees to fully acquire Sabra and Obela. The company is focused on boosting greater efficiency by reducing costs.
Sabra and Obela are currently 50/50 joint ventures that had been formed between PepsiCo and Strauss Group to manufacture, distribute, and sell refrigerated dips and spreads.