Sudastream to Tel-Aviv stock exchange: the acquisition by PepsiCo was completed

Sudastream announced to the stock exchange that the merger was completed, and that trading in the company's shares on the Tel Aviv Stock Exchange had stopped, and that the Israeli company that manufactures the gauze machines sold for $ 3.2 billion.
"I can not be more proud or excited to welcome Sudhastr to the PepsiCo family," PepsiCo CEO Ramon Guarrete said. With its potential, SudaStream places PepsiCo in a significant position in the home market. Together with Sudastream, I am confident that we will be able to develop and advance our common goal of reducing the use of plastic products and for a sustainable future. "
"We are excited to be a part of PepsiCo and join its talented team. SudaStream was founded to bring healthy and environmentally friendly solutions to consumers around the world, and PepsiCo will help us deliver and expand this goal. By joining the world's leading markets and entering new markets and channels, we are excited to grow hand in hand with PepsiCo in the months and years ahead. "

Sudastream, whose acquisition was recently acquired by PepsiCo, is expected to invest in the expansion of its plant in southern Israel. The planned investment is about NIS 90 million. In exchange for this investment, the company will receive a NIS 18 million grant from the state. After the company submitted to the Investment Authority of the Ministry of Economics and Industry an expansion plan for its plant in the industrial area of ​​Idan HaNegev in the south, which amounted to NIS 90 million. In exchange for this investment, the company will receive a NIS 18 million grant from the state. Nahum Itzkovich, director of the Investment Authority, said that Sudhestr is a growing company, and it fulfills all of its commitments to the state in terms of export and employment, and beyond the figures it has committed to.