Deal Description: On December 2, 2019 PepsiCo, Inc. (NASDAQ: PEP) announced it has entered into a definitive agreement to acquire BFY Brands, the maker of PopCorners snacks. Upon closing, BFY Brands will report into PepsiCo's Frito-Lay North America division. The addition of BFY Brands will expand Frito-Lay's snacking portfolio and further deliver on its Winning with Purpose vision to offer consumers more positive nutritious options.
The transaction is subject to customary conditions and approvals, including regulatory approvals.
Baker Botts Lawyers/Office Involved:
Real Estate: Patrick Matthews (Special Counsel; Dallas)
Environmental: Stephen Fitzgerald (Special Counsel; Dallas)
For more information, please see Pepsico’s news release by clicking here.
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