Deals
SodaStream on the Hunt for Acquisitions to Keep 340% Rally Going
- Israeli soda company has $100m in cash for deals, advertising
- Shares have soared since hitting record low in February 2016
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SodaStream International Ltd., which makes machines to carbonate tap water at home, is looking to acquire companies and beef up marketing in key countries to keep its turnaround going.
The world’s biggest soda water company sold 3 million units in the last 12 months, boosting its customer base 4 percent from the end of 2016 to 11.5 million households, Chief Executive Officer Daniel Birnbaum said in an interview. With about $100 million of cash and no debt, SodaStream is planning to spend to keep the momentum going.