PepsiCo to buy the Polish snack company Star Foods

According various press reports, PepsiCo Inc. is close to acquiring Polish snack food producer Star Foods S.A. for almost $50 million.2004, PepsiCo bought another central European snack foods business, Star Foods Romania. Star Foods Romania s previous owners, the Mitzalis family, are the same Greek family who own Star Foods Poland.Star Foods Poland generated revenue of $100.6 million for the fiscal year ended December, 2004, an increase of 6.8% from the previous year, according to market research firm Datamonitor.


Pepsi has also been expanding its snacks business in western Europe, acquiring Sara Lee Corp s European nuts business in the Netherlands, Belgium and France for EUR130 m in November 2005.


Furthermore, PepsiCo Agrees to Acquire Stacy s Pita Chip Company, pending government approval. Stacy s Pita Chip Company is the top-selling maker of pita chips with sales approaching $60 million this year. Stacy s, which will continue to be based in Randolph, MA, with more than 100 employees, is planned to operate as a separate unit and report to Frito-Lay North America chairman and chief executive officer Irene Rosenfeld.