PepsiCo has entered into a definitive agreement to acquire KeVita, a fermented probiotic and kombucha beverages provider.

Financial details of the acquisition have not been disclosed.

PepsiCo's health and wellness offerings in the chilled beverage category are expected to expand with the transaction.

"I am pleased to welcome KeVita into the PepsiCo family."

PepsiCo premium nutrition general manager and vice-president Chris Lansing said: "I am pleased to welcome KeVita into the PepsiCo family. Under the leadership of CEO Bill Moses, KeVita has become an innovative, high-growth brand that is transforming the functional beverage space.

"This announcement is further evidence of PepsiCo's focus on delivering Performance with Purpose by continuing to evolve our health and wellness offerings to meet consumers' changing needs."

KeVita currently manufactures three product lines, all of which contain live probiotics and are certified organic, non-genetically modified organisms (GMO), gluten-free and vegan.

The company offers more than 24 flavours of Sparkling Probiotic Drink, Master Brew Kombucha and Apple Cider Vinegar Tonic.

KeVita chief executive officer and co-founder Bill Moses said: "Joining the PepsiCo family will give us an opportunity to extend KeVita's trend-forward beverages to a broader audience, while staying committed to our core values.

"We're looking forward to more consumers experiencing the KeVita brand and to leveraging PepsiCo's marketing and distribution capabilities."

The transaction is subject to regulatory approval.

Upon closing of the deal, KeVita will continue to function independently with its production and bottling facilities at Oxnard, California.

Image:  KeVita is a fermented probiotic producer. Photo: Courtesy of PRNewsFoto/PepsiCo.