March 17 (Reuters) - PepsiCo ( PEP ) said on Monday it
would buy prebiotic soda brand Poppi for $1.95 billion,
expanding in the "healthier soda" category.
Demand for healthier sodas and energy drink has surged among
the younger population in the U.S. as more people turn to
fitness and lifestyle products.
Poppi, based in Austin, Texas, was founded by Allison
Ellsworth and Stephen Ellsworth.
The deal includes $300 million of anticipated cash tax
benefits for a net purchase price of $1.65 billion.