PepsiCo and German dairy Müller have refused to be drawn on reports that they could be set to team up in the yoghurt sector.
A report in The Wall Street Journal claimed the companies were likely to announce plans in the coming weeks to launch a yoghurt brand in the US.
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PepsiCo has made a series of moves in the dairy sector since it formed a global nutrition unit last year to look at ways to expand into the industry.
The US food and drink giant owns Russia’s largest dairy processor Wimm-Bill-Dann but has yet to make inroads into its domestic dairy industry.
A spokesperson for PepsiCo said the company was looking at building its “nutrition” business but refused to comment on the link to Müller.
“Since forming the Global Nutrition Group to accelerate the growth of our nutrition portfolio, we constantly look at product innovation and partner offerings to help us achieve this mission but prefer not to comment on rumors or speculation about our future plans,” the spokesperson told just-food.
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By GlobalDataA Müller spokesperson said the company had “absolutely no comment”.
