Pepsi Buys Peru Snacks Company

PepsiCo has agreed to acquire Peruvian snack company Karinto, its manufacturing partner Bocaditos Nacionales and all of its brands for an undisclosed amount. Pepsi also recently acquired Brazilian snack company Comercio de Doces Lucky, maker of the Torcida and Fofura brands. Erin Ashley Smith, an equity analyst with Argus Research, believes Pepsi will continue to make EM acquisitions. In her latest report on Pepsi, she says free cashflow was $4.7bn in 2008, and cashflow from operations $7.0bn.