Bai Brands & KeVita snapped up as Dr Pepper & PepsiCo expand low-cal, functional beverage platforms
As widely rumored, two major players in the functional beverages space are to change hands, with PepsiCo to acquire KeVita for an undisclosed sum and Dr Pepper Snapple Group to acquire Bai Brands – in which it already has a small stake – for $1.7bn. And...