Home Economic Development Focus PepsiCo buys China snack maker Be & Cheery for $705 million

PepsiCo buys China snack maker Be & Cheery for $705 million

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PepsiCo has agreed to buy Be & Cheery, one of the largest online snacks companies in China, from Haoxiangni Health Food Co. Ltd. for $705 million. Hangzhou-based Be & Cheery sells nuts, dried fruits, meat snacks, baked goods and confectionery primarily online through the major e-commerce platforms in China. Purchase-based PepsiCo, which has been operating…

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