Frito-Lay adds Bare Snacks to its healthy offerings

PepsiCo Inc. is buying a healthy snack company that will be overseen by its subsidiary Frito-Lay. New York-based Pepsi announced Friday is will acquire Bare Foods Co., which does business as Bare Snacks and makes baked fruit and vegetable snacks. Financial terms of the deal were not disclosed. Bare is expected to expand Frito-Lay’s portfolio of healthy options. According to a news release from Pepsi, it is the leader apple, banana and coconut snacks. “We are thrilled to work with the PepsiCo team to further our mission of bringing simplicity to snacking,” Santosh Padki, CEO of Bare Foods, said in a prepared statement. “With a shared passion for crunchy, better-for-you snacks, PepsiCo is the right partner to help bring our simply baked fruit and vegetable snacks to even more consumers across the world and continue to grow our brand.” Read more