PepsiCo Inc. on May 25 announced an agreement to acquire Bare Foods Co. (doing business as Bare Snacks), a U.S.-based maker of baked fruit and vegetable snacks. Neither the price of the purchase nor the sales level of the acquired company was disclosed. Nor whom the seller was.
Bare Snacks was founded in 2001 by a family-owned organic apple farm in Washington that began selling packaged baked apple chips in local farmers’ markets. Under its current leadership team, it has expanded steadily to become the leader in apple, banana and coconut snacks.
Read full post here.