PepsiCo announced on Monday that it has entered into an agreement to purchase prebiotic soda brand Poppi for $1.95 billion.

PepsiCo said Monday it would buy prebiotic soda brand Poppi for $1.95 billion, expanding in the “healthier soda” category at a time when the company is battling falling demand for its traditional beverages and snacks. Shares of PepsiCo were up 1.5% in morning trading.

PepsiCo said on Monday it would buy prebiotic soda brand Poppi for $1.95 billion, expanding into the "healthier soda" category at a time when the company is battling falling demand for its traditional beverages and snacks.