PepsiCo buys Poland's Star Foods
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PepsiCo has acquired Poland's Star Foods, a leading maker of snacks, for an undisclosed sum. The deal strengthens its position in Poland in snacks sales such as potato chips. More than half of PepsiCo's total sales is from snacks, less than 20% is from soft drinks. Star Foods was selling potato chips under the brand Star Chips, and corn snacks under the brand Mr. Snaki. Star Foods was privately held by the Mitzalis family, Advent International, Copernicus Capital Partners, and Cazolico S.A.
PepsiCo has acquired Poland's Star Foods, a leading maker of snacks, for an undisclosed sum. The deal strengthens its position in Poland in snacks sales such as potato chips. More than half of PepsiCo's total sales is from snacks, less than 20% is from soft drinks.
Star Foods was selling potato chips under the brand Star Chips, and corn snacks under the brand Mr. Snaki. Star Foods was privately held by the Mitzalis family, Advent International, Copernicus Capital Partners, and Cazolico S.A.
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Licensed archive reporting by Wikinews contributors. Text: CC BY 2.5 (https://creativecommons.org/licenses/by/2.5/). Original source date retained. 411 has not independently verified this archive report.
Read the source: Wikinews ↗Source published 2 Jan 2006, 05:30 am IST
