Sodastream jumps on PepsiCo deal

Daniel Birnbaum
Daniel Birnbaum

The home carbonated drinks maker will test several PepsiCo flavors in Florida stores.

Home carbonated drinks manufacturer SodaStream International Ltd. (Nasdaq: SODA) saw its share price rise sharply on Wall Street after reporting that it had signed an agreement to test PepsiCo Inc. drink brands in its machines. SodaStream's share price rose 15.38% on Friday to $24.45, giving a market cap of $512.42 million.

SodaStream will test several flavors called Pepsi Homemade and Sierra Mist Homemade over 10 weeks this year at stores in the Florida cities of Orlando and Tampa. PepsiCo confirmed the report.

The report comes two weeks after SodaStream published a profit warning for the third quarter of 2014.

Published by Globes [online], Israel business news - www.globes-online.com - on October 26, 2014

© Copyright of Globes Publisher Itonut (1983) Ltd. 2014

Daniel Birnbaum
Daniel Birnbaum
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