PepsiCo buys Israel's SodaStream for USD 3.2 billion

Beverage giant PepsiCo has bought Israel's fizzy drink maker SodaStream for USD 3.2 billion.

PepsiCo said today it's acquiring all SodaStream's outstanding shares at USD 144 per share, a 32 percent premium to the 30-day volume weighted average price.

Earlier this month, SodaStream reported its strongest results in company history, a 31 percent year-over-year jump in revenues to $172 million, an 89 percent leap in operating profit to $32 million and an 82 percent climb by net profit to USD 26 million.

PepsiCo Chairman and CEO Indra Nooyi call the companies "an inspired match." Three years ago, SodaStream shut down its West Bank factory amid international boycott calls and opened a sprawling new factory deep in Israel's Negev Desert instead. Actress Scarlett Johansson was previously a brand ambassador for the company.

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