Pepsi dips into Israeli snacks

PepsiCo Inc. said last week it had formed a joint venture with Israeli food maker Strauss Group to operate Strauss’ Sabra business in the United States and Canada.

The pairing will produce and sell Sabra’s dips and spreads in the United States and Canada, with Purchase-based PepsiCo’s Frito-Lay North America unit and Strauss each holding a 50 percent stake in the business, according to Reuters.

Sabra’s products include hummus, eggplant dips, babaganoush spreads and Mediterranean salsa.