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PepsiCo puts fizz into healthy drinks with $3.2 billion SodaStream purchase

August 20, 2018 10:04 AM
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JERUSALEM (Reuters) - PepsiCo (PEP.O) will buy household drink-machine maker SodaStream (SODA.TA) (SODA.O) for $3.2 billion as it battles chief rival Coca-Cola (KO.N) for an edge in the health-conscious beverage market.

Founded in the UK in 1903, SodaStream was a coveted device in British kitchens in the 1970s and 80s, allowing customers to create fizzy drinks by adding flavored syrups to carbonated water, but it faded in popularity as soft drinks became cheaper.

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