(Reuters) - PepsiCo Inc (>> PepsiCo, Inc.) said on Tuesday it would buy health beverage maker KeVita Inc, in an effort to diversify its soft drinks business and tap health conscious consumers.

California-based KeVita offers more than two dozen flavours of probiotic drinks, and all its drinks are certified organic, gluten-free and vegan, PepsiCo said in a statement.

Financial terms of the deal were not disclosed.

Earlier on Tuesday, soft-drinks maker Dr Pepper Snapple Group Inc (>> Dr Pepper Snapple Group Inc.) said it would buy antioxidant beverages maker Bai Brands LLC for $1.7 billion.

Reuters reported last month that Pepsi was nearing a deal to buy KeVita.

(Reporting by Laharee Chatterjee in Bengaluru; Editing by Sai Sachin Ravikumar)

Stocks treated in this article : PepsiCo, Inc., Dr Pepper Snapple Group Inc.
Stocks treated in this article : PepsiCo, Inc., Dr Pepper Snapple Group Inc.