Pepsi buys Canadian seed company
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- October
- 29
PepsiCo Inc., the beverage and snack food company based in Purchase, said this morning it has an agreement to buy Spitz International Inc., which markets sunflower and pumpkin seeds in Canada.
Spitz will continue its Canadian operations in Bow Island and Medicine Hat, Alberta and report into Frito-Lay North America.
Pepsi said the acquisition is part of Frito-Lay’s plan to increase its nuts and seeds business.
Spitz seeds are distributed all over Canada and available in the United States.
Terms of the deal were not disclosed.
This entry was posted
on Wednesday, October 29th, 2008 at 8:52 am by Allan Drury.
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Category: Mergers & acquisitions
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