PepsiCo, Inc. (NASDAQ: PEP)
and Beyond Meat, Inc. (NASDAQ: BYND) today announced they will form The PLANeT Partnership, LLC (TPP), a joint venture to develop, produce and market innovative snack and beverage products made from plant-based protein. The joint venture will leverage Beyond Meat s leading technology in plant-based protein development and PepsiCo s world-class marketing and commercial capabilities to create and scale new snack and beverage options. Financial terms of the partnership were not disclosed. Joint venture operations will be managed through the newly created entity The PLANeT Partnership, LLC (TPP). Plant-based proteins represent an exciting growth opportunity for us, a new frontier in our efforts to build a more sustainable food system and be a positive force for people and the planet, while meeting consumer demand for an expanded portfolio of more nutritious products, said Ram Krishnan, PepsiCo Global Chief Commercial Officer. Beyond Meat is a cutting-e
Pepsi Co, Beyond Meat
Jan 26, 2021
PepsiCo and Beyond Meat announced this week that they are forming The PLANeT Partnership LLC (TPP), a joint venture to develop, produce, and market innovative snack and beverage products made from plant-based protein. The joint venture will leverage Beyond Meat s leading technology in plant-based protein development and PepsiCo s world-class marketing and commercial capabilities to create and scale new snack and beverage options. Financial terms of the partnership were not disclosed. Joint venture operations will be managed through the newly created TPP. Plant-based proteins represent an exciting growth opportunity for us, a new frontier in our efforts to build a more sustainable food system and be a positive force for people and the planet, while meeting consumer demand for an expanded portfolio of more nutritious products, said Ram Krishnan, PepsiCo Global chief commercial officer. Beyond Meat is a cutting-edge innovator
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