Restaurants Canada calls for reduction in EI premiums

PepsiCo to fully own Sabra, Obela

November 28, 2024 Lucy Garvan

PepsiCo to acquire the remaining 50 per cent interest in Sabra Dipping Company and PepsiCo-Strauss Fresh Dips & Spreads International GmbH (Obela) and become the sole owner of these companies.

Sabra and Obela are currently 50/50 joint ventures that had been formed between PepsiCo and Strauss Group in 2008 and 2012, respectively, to manufacture, distribute, and sell refrigerated dips and spreads. The Sabra joint venture is based in New York and operates in the U.S. and Canada. The Obela joint venture is based in Geneva and operates in Australia, New Zealand and Mexico.

“As we evolve our food portfolio and bring people more choices for more occasions, our aim is to meet the growing demand for positive choices and on-the-go options,” said Steven Williams, CEO, PepsiCo Foods North America. “Nutritious, simple foods like refrigerated dips and spreads represent a space we have long desired to expand in the U.S. and Canada. We are grateful to the Strauss Group for our long and successful partnership and look forward to this next chapter for the Sabra and Obela brands, as well as the PepsiCo food portfolio.”