The deal with Strauss Group will enable the CPG giant to expand its better-for-you portfolio by giving it full control over the dip and spread products.

PepsiCo purchased 50% of the Sabra Obela dips brand from Strauss for $244 million (NIS 900 million), making it the full owner.

"PepsiCo to acquire full ownership of Sabra and Obela JVs " was originally created and published by Just Food, a GlobalData owned brand.