Pepsico Buys Stake in Maker of Kiosks
COMMERCE CITY, Colo. — Pepsico Inc. has bought a minority stake in a maker of food vending carts--or kiosks--which the soft drink company plans to use for some of its fast-food operations.
Terms of the deal with Carts of Colorado Inc. were not disclosed.
The company announced Thursday that it had entered a partnership with Pepsico, the parent of Taco Bell, Pizza Hut and Kentucky Fried Chicken.
The cart company notified some fast-food clients it will sever ties with them in order to avoid conflicts of interest with Pepsico.
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