A "watershed". A "significant milestone". A "unique and transformational opportunity". PepsiCo's senior executives reached for the adjectives yesterday (2 December) when they outlined the company's move to buy Russian dairy, baby food and juice maker...
PepsiCo is planning further acquisitions as part of its bid to treble sales of "nutritious" food and beverages, the company said today (2 December), after announcing its move to buy Russia dairy, baby food and juice maker Wimm-Bill-Dann.
The founder and chairman of Russian dairy and baby food group Wimm-Bill-Dann has labelled the agreement to sell a majority stake in the business to PepsiCo as "historic".
PepsiCo has struck a deal to buy a 66% stake in Russian dairy, baby food and juice manufacturer Wimm-Bill-Dann for US$3.8bn.
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