Employees pack boxes of the SodaStream product at the factory in the West Bank Jewish settlement of Maale Adumim January 28, 2014. REUTERS/Ammar Awad

PepsiCo on Monday announced plans to buy home carbonation system maker SodaStream.

PepsiCo will pay $144.00 per share in cash, a 32% premium.

Israeli-based SodaStream listed on the NASDAQ in 2010.

PepsiCo CEO Indra Nooyi, who's led the business for 12 years, announced earlier this month that she'd step down, having led a push away from sugar-based drinks and healthier options.



PepsiCo is buying SodaStream, a home system for carbonating water, for $3.2 billion in a deal which will give the beverage giant direct access to customers in their homes.

The deal, announced on Monday, sees PepsiCo paying $144.00 in cash for each SodaStream share, a 32% premium to the 30-day volume weighted average price. The transaction will be funded with PepsiCo's cash on hand.

"PepsiCo and SodaStream are an inspired match," PepsiCo chairman and CEO Indra Nooyi said in a statement.

Nooyi said SodaStream is an extraordinary company offering consumers the ability to make great-tasting beverages while reducing the amount of waste.

"That focus is well-aligned with performance with purpose, our philosophy of making more nutritious products while limiting our environmental footprint," says Nooyi.

"Together, we can advance our shared vision of a healthier, more sustainable planet."

SodaStream makes a kitchen gadget that allows people to carbonate any drink in their home.

Daniel Birnbaum, SodaStream's CEO, said the company is honoured to be chosen as PepsiCo's beachhead into the at-home preparation market.

"I am excited our team will have access to PepsiCo's vast capabilities and resources to take us to the next level," he says. "This is great news for our consumers, employees, and retail partners worldwide."

The acquisition has been unanimously approved by the Boards of Directors of both companies.

Goldman Sachs acted as financial advisor to PepsiCo and Centerview also acted as financial advisor to PepsiCo.

SodaStream is available at more than 80,000 individual retail stores across 45 countries.

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