Monday, May 28, 2018
Source: The New York Times
Continuing to bet that consumers want to crunch on healthier snack items, the food and beverage giant PepsiCo announced that it was acquiring Bare Foods, a maker of baked fruit and vegetable snacks.
For PepsiCo, which did not make public the financial terms of the deal, the purchase of a company that makes products like salt-and-vinegar beet chips and Granny Smith apple chips is its latest effort to diversify its food and beverage portfolio and move toward the more natural, less-processed foods that are now in favor by an increasingly health-conscious public.
The acquisition was one in a string of purchases of healthy snack-food companies by large conglomerates.
Read more at The New York Times.