PepsiCo has snapped up Brazilian snack firm Comercio de Doces Lucky for an undisclosed sum.

The US food and beverage giant said today (2 October) that Lucky would be a "great complement" to its business.

"Overnight this will give us lots of expertise, added manufacturing capacity and a broader selection of snacks to offer Brazilian consumers," said PepsiCo International CEO Michael White.

Lucky's brands include Torcida and Fofura and the acquisition includes the product portfolio and two manufacturing plants near Sao Paulo.