QLD_CM_BIZ_PEPSICO_18NOV19 Business by Gerard Cockburn 17th Mar 2021 3:07 PM Global drinks giant PepsiCo is rumoured to be flirting with the idea of selling off its Australian snack business that includes brands such as Smith's Chips and Nobby's nuts. The Australian's Data Room has reported the major drinks producer is looking to place its local snacks assets on the market for a potential new buyer. It has been reported PepsiCo has been scoping out consultants to look at the potential demerger of its Australian food operations. Pepsi has not publicly confirmed if it is intending to sell off The Smith's Snackfood Company.