PepsiCo purchased 50% of the Sabra Obela dips brand from Strauss for $244 million (NIS 900 million), meaning the brand is now fully owned by PepsiCo as the company already owned 50%.

--PepsiCo, Inc. today announced its agreement to acquire the remaining 50% interest in Sabra Dipping Company, LLC and PepsiCo-Strauss Fresh Dips& Spreads International GmbH and become the sole ...

The Israeli food manufacturer said PepsiCo is paying $240.8 million for the rest of Sabra and $3 million for the remainder of Obela. Pepsico and Strauss created Sabra as a joint venture in 2008 ...

PepsiCo (PRNewsfoto/PepsiCo, Inc.) Sabra and Obela are currently 50/50 joint ventures that had been formed between PepsiCo and Strauss Group to manufacture, distribute, and sell refrigerated dips ...

PepsiCo purchased 50% of the Sabra Obela dips brand from Strauss for $244 million (NIS 900 million), making it the full owner.

PepsiCo entered into a 50/50 joint venture with Strauss for the Sabra and Obela brands in 2008 and 2012, respectively. PepsiCo’s acquisition will help it “meet the growing demand for positive ...

Israeli food manufacturer Strauss Group is divesting its 50 percent stake in Sabra Obela, the maker of hummus dips and spreads sold across the US, to its longtime partner US conglomerate PepsiCo ...

PepsiCo has focused on the fresh dips category for over 15 years, forming Sabra and Obela as 50/50 joint ventures with the Strauss Group in 2008 and 2012, respectively. Sabra has nearly $400M in ...

PURCHASE, N.Y., Nov. 22, 2024 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) today announced its agreement to acquire the remaining 50% interest in Sabra Dipping Company, LLC (Sabra) and PepsiCo ...

The two ventures have both been in place for more than a decade. Sabra, which focuses on North America, was formed in 2008. Obela, set up in 2011, supplies Australia, New Zealand and Mexico ...

Sabra and Obela are currently 50/50 joint ventures that had been formed between PepsiCo and Strauss Group to manufacture, distribute, and sell refrigerated dips and spreads.