Merger Mania: PepsiCo acquires healthy snack company, Tronc scoops up another daily paper
Summary
"Bare premium baked fruit and vegetable chips are an exciting expansion of Frito-Lays better-for-you snack offerings," said Frito-Lay North America COO Vivek Sankaran.“The inclusion of The Virginian-Pilot further strengthens our presence in the region and renews our commitment to our longstanding tradition of journalistic excellence,” said Tronc CEO Justin Dearborn.Along with the media properties, the sale includes the paper’s main office in Norfolk and its printing facility in Virginia Beach.Tronc also owns the New York Daily News, Chicago Tribune, Baltimore Sun, Orlando Sentinel, Hartford Courant as well as other regional papers.JAB, which acts as an investment vehicle for the reclusive Reimann family, currently owns Panera, doughnut maker Krispy Kreme and coffee brands Kenco, Douwe Egberts, and Tassimo.