PepsiCo announced it has agreed to acquire Punica Getranke GmbH, a German maker of fruit juices and juice drinks, from Sunny Delight Beverages Co., a portfolio company of J.W. Childs Associates, L.P.
The acquisition will immediately expand and strengthen PepsiCo's German beverage portfolio by providing a leading position in several juice-related categories, the company said. It will dramatically expand PepsiCo's juice business in Continental Europe, which currently includes Tropicana and several affiliated brands. The purchase also will establish Germany as one of PepsiCo's largest juice and juice-drink markets in Continental Europe.