PepsiCo on Monday announced plans to buy home carbonation system maker SodaStream.
"Furthermore as the environmental burden of plastic waste comes to the fore, the concept can also tackle this by reducing reliance on plastic bottles".
"Together, we can advance our shared vision of a healthier, more sustainable planet".
Laguarta said PepsiCo committed to keeping Israel the headquarters for 15 years, praising the company's infrastructure and the "amazing" knowhow of factory staff. That's 11% higher than Friday's closing price and would be PepsiCo's largest acquisition in eight years.
PepsiCo will acquire SodaStream for $144 per share in cash, representing a 10.9 percent premium to the Friday closing price of SodaStream's USA -listed stock. SodaStream shares were suspended in Tel Aviv on Monday morning.
SodaStream's revenues were US$543.4 million, while PepsiCo had revenues of US$63.5 billion.More news: Modric, Ronaldo and Salah final UEFA Player of the Year nominees
More news: Eden Hazard confirms Chelsea stay - Premier League 2018
More news: Priyanka Chopra and Nick Jonas confirm engagement with touching Instagram posts
PepsiCo will pay $144 a share in cash, the companies said in a statement.
In a note to investors, Bonnie Herzog, managing director of equity research for Wells Fargo Securities, said she thinks the move can help accelerate PepsiCo's "ongoing strategic shift towards adding healthier options across its product mix and.complement the company's growing water portfolio - including its recently launched bottled sparkling water brand Bubly".
After Coca-Cola bought the stake in Green Mountain in 2014, Nooyi said in an interview PepsiCo would avoid committing to a single technology in at-home soda makers.
"With sugary carbonates and juices struggling and no turnaround in sight, mitigating the losses through newer and healthier products will be essential for PepsiCo", said Euromonitor International analyst Matthew Barry.
He said the deal "represents an excellent outcome for all shareholders".
"Another benefit is that it's not just the water maker sales, SodaStream's business model creates a recurring revenue stream as consumers need to purchase consumable gas refills and flavor packets".