Senior Brand Manager - Frito-Lay Variety Pack PepsiCo. As schedules become increasingly busy and consumers continue to look for healthful food options, it seems brands such as Bare Snacks are on the cusp of something big. Founded in 2001, San Francisco-based Bare Snacks offers a portfolio of apple chips, banana chips, coconut chips and recently added beet chips, carrot chips and sweet potato chips. Earnings calendar for the week of December 28, Pinterest appears well-positioned to benefit from positive trends going into 2021, Paychex (PAYX) Earnings: 2Q21 Key Numbers. The brand positioning of Bare Snacks is also in line with the PepsiCo’s “Performance with Purpose,” the US food giant’s vision of making more nutritious products by reducing added sugars, salt and saturated fat, according to Indra Nooyi, chairman and CEO of PepsiCo. Find your answer here, or contact Bare Snacks Consumer Relations directly via phone, email, or chat. May 17 – May 20, 2021, sales in snacking rose to $89 billion in 2016, growth has occured in all snacking categories, spent about $5 billion to acquire Snyder’s-Lance, bought the owner of RXBar protein bars for $600 million, PepsiCo announces definitive agreement to acquire Bare Snacks, expanding better-for-you portfolio into baked fruit and vegetable snacks, By the numbers: Examining the cost of the pandemic on the meat industry, 2020's 10 biggest M&A deals in the food and beverage industry, FDA approves GMO pork, but there's no determination if it's safe for those with allergies to eat, Frozen food sales soar with homebound consumers during pandemic, Eat Beyond aims to change the way people invest in protein alternatives, Optimizing Food & Beverage Plant Manufacturing During a Time of Disruption. PepsiCo has entered into an agreement to acquire Bare Foods Co., a maker of baked fruit and vegetable snacks. Healthy snacks are an emerging market, and Bare has shown it can create products people want. The addition of Bare Snacks will further expand PepsiCo’s portfolio of healthy and better-for-you snacks. PepsiCo claimed that under its current leadership team, the brand has expanded steadily to become the leader in apple, banana and coconut snacks. The transaction will expand the company's snacking portfolio and further deliver on its Performance with Purpose vision to offer consumers more positive nutrition options. As FONA International reported last year, more than 80% of consumers snack every day, and about one in four noshes between meals to treat herself. PepsiCo Inc. reported a stronger-than-expected spring as homebound consumers looking for comfort stocked up on snack foods -- and its current-quarter forecast was even more bullish. PepsiCo is donating bundles to up to 500 hospital emergency rooms nationwide to help thank essential workers for their service during the COVID-19 crisis. Plano, Texas, United States. PepsiCo Inc. is buying a healthy snack company that will be overseen by its subsidiary Frito-Lay. Topics covered: manufacturing, packaging, new products, R&D, and much more. Discover announcements from companies in your industry. Bare Snacks has been in business for nearly two decades and has a proven track record that should appeal to PepsiCo investors, although no one can predict how well the snacks will scale to global customers. For more than a dozen years, PepsiCo has worked to make more healthful products while reducing added sugars, salt and saturated fat, and Bare Snacks “fits perfectly within that vision,” PepsiCo CEO Indra Nooyi said in the news release. Pineapple Chips & Coconut Chips - ID 11281. Have a question or comment for us? “The Bare Snacks' leadership team has done an outstanding job building a top-tier organization and a strong brand with authentic roots,” Nooyi said. “Bare Snacks … Bare Snacks fits perfectly within that vision," said Indra Nooyi, chairman and chief executive officer of PepsiCo. Plano, TX. Bare Snacks was acquired by PepsiCo earlier this year, as part of PepsiCo’s strategy to grow its snack business in light of falling soda sales. Food and beverage giant PepsiCo recently announced plans to acquire Bare Foods, which makes baked fruit and vegetable snacks, for an undisclosed price. We deliver your favorite snacks & beverages straight to your door. 28 May, 2018. What Should Retailers & Brands Consider When Planning for 2021? All of Bare Snacks' products are gluten-free, Non-GMO Project verified, kosher, vegan and free of refined sugar, preservatives, cholesterol and trans fats. By doing so, the company has expanded its Frito-Lay division's "Better for You" snack offerings. However, the New York-based beverage company’s shares reached its 52-week low ($95.94) on May 9. The addition of Bare Snacks will further expand PepsiCo’s portfolio of healthy and better-for-you snacks. Still, the purchase of Bare Snacks seems to hit many right notes for PepsiCo. Is Facebook's (FB) dominance in social media coming to an end? PepsiCo (NYSE: PEP) announced that it has entered into an agreement to acquire Bare Foods Co., maker of baked fruit and vegetable snacks. Apple Chips & Strawberry Chips - ID 11280. Today’s young consumers are looking for new and interesting flavors, and are not necessarily loyal to a particular brand. Last week, the food and beverage giant has announced its acquisition of a San Francisco-based startup brand called Bare Foods, maker of baked fruit and vegetable snacks for $200M. Nielsen found growth has occured in all snacking categories from 2013 to 2016 — led by bars, jerky and cookies/crackers. "The Bare Snacks leadership team has done an outstanding job building a top-tier organization and a strong brand with authentic roots, and I couldn't be more excited to welcome Bare Snacks to the PepsiCo family." Bare Snacks was founded in 2001 by a family-owned organic apple farm in Washington. Bare Snacks was founded in 2001 by a family-owned organic apple farm in Washington that started selling baked apple chips in order to extend its selling season. Its product line fits with Pepsi’s mission to offer healthful alternatives. Food and beverage giant PepsiCo recently announced plans to acquire Bare Foods, which makes baked fruit and vegetable snacks, for an undisclosed price, according to a … Pepsico did not make the financial terms of the agreement public, products! 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