[31 October/PepsiCo Inc Release]

PepsiCo has announced it has acquired Health Warrior, a producer of products that use plant-based superfood ingredients and have a lower sugar content. PepsiCo said that the acquisition expands the Group’s nutrition portfolio to offer consumers additional options in a growth category. Health Warrior was founded in 2011 by a group of college friends who wanted to make nutrient dense foods more accessible to more Americans. The current CEO, Shane Emmett (one of the founders) noted that the acquisition provides the opportunity to put nutrient dense products in reach of significantly more people. The company will be the first investment that will dock into The PepsiCo HIVE, a newly-created entity within the company focused on growing emerging, smaller brands. PepsiCo noted that this will enable the Group to build the brand at a deliberate and sustainable pace while leveraging its entrepreneurial expertise and talent across the wider group’s product portfolio.