PepsiCo announced Wednesday it had completed its acquisition of Israeli firm SodaStream, whose command of the fizzy water market appealed to the US beverage giant as demand falls for sugar-laden soft drinks.
PepsiCo said in August that it was buying the Israeli company that makes machines to carbonate home tap water for $3.2 billion.
"With its customisable options, SodaStream empowers consumers to personalise their preferred beverage in an environmentally friendly way and provides PepsiCo with a significant presence in the at-home marketplace," PepsiCo CEO Ramon Laguarta said in a statement.
"Together with SodaStream, I'm confident we can accelerate progress on our shared goal of curbing plastic waste and building a more sustainable future."
SodaStream CEO Daniel Birnbaum said his company "was founded to bring healthy, convenient and environmentally friendly beverage options to consumers around the world -- and PepsiCo will help us deliver and expand on this mission."
PepsiCo and arch-rival Coca-Cola have been diversifying away from their mainstay sodas in part to counter the onset of anti-obesity sugar taxes around the world.
PepsiCo has committed to keeping SodaStream's Israeli headquarters for 15 years.
SodaStream has not been immune to the complex politics in its home region.
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