Russia is now PepsiCo’s largest market outside the United States. Following its W-B-D move, PepsiCo is now the largest food and beverage company in Russia.
In a statement when the deal was first announced in December, PepsiCo chairwoman and chief executive Indra Nooyi said: “Adding Wimm-Bill-Dann to PepsiCo’s portfolio is financially attractive and gives us a strong, high growth platform in the dairy category.”
This move boosts PepsiCo’s global revenue from the nutritious and functional foods sector to $13bn from $10bn. The company has stated that it hopes to expand the business to at least $30 billion by 2020.
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