Acquisition of Karinto S.A.C. and Bocaditas Nacionales

PepsiCo's acquisition of Karinto S.A.C. and its subsidiary Bocaditas Nacionales marked a strategic expansion in the Latin American snack market. This acquisition included three production facilities located in Peru, which were previously owned by the Hayashida family of Lima. By integrating the Karito brand into its portfolio, PepsiCo enhanced its product offerings with popular snack items such as Cuates, Fripapas, and Papi Frits. This move was part of a broader strategy to strengthen its presence in the region and cater to local consumer preferences. The addition of these brands allowed PepsiCo to leverage existing distribution networks and capitalize on the growing demand for snack foods in Latin America, where the snack market has been experiencing significant growth. The acquisition not only diversified PepsiCo's product line but also positioned the company to better compete with local and international snack brands in the region.