Want to make your own Sierra Mist at home? You soon may have the chance to do that.
Shares of SodaStream popped more than 15% when word of the deal was first reported in the trade journal Beverage Digest. A spokesperson at Pepsi confirmed to CNNMoney that the details of that report are accurate.
Beverage Digest also said in its report that the trial would take place within the next few weeks in Orlando and Tampa, and that current SodaStream retail partners Wal-Mart (WMT) and Bed Bath & Beyond (BBBY) would sell the Pepsi-branded products.
The deal is a much needed victory for SodaStream. Its stock has plunged more than 50% this year due to concerns about slowing growth.
Some believe the product is more of a fad. There are also questions about whether or not the company is spending too aggressively on marketing and promotion. SodaStream ran a Super Bowl ad this year featuring actress Scarlett Johansson.
The Israeli-based company has also been criticized by some because it operates a facility in the occupied West Bank territory. Johansson, a former Oxfam ambassador, has been swept up in the controversy as well.
There were some reports earlier this summer alleging unfair treatment of Palestinian workers at SodaStream's West Bank plant, particularly during the Muslim holy month of Ramadan. The company has repeatedly denied such claims.
So while SodaStream may finally be getting a much needed break with the Pepsi deal, it's still not clear if that will be enough to get the company's momentum back on track.
SodaStream has been the subject of takeover rumors ever since Coca-Cola (KO) announced plans to invest in Keurig Green Mountain (GMCR) earlier this year. Keurig, most well-known for its K-cup coffee machines, is working on a cold beverage maker as well in conjunction with Coke.
The Coke-Keurig deal led to immediate speculation that Pepsi might want to purchase a stake in or buy SodaStream ... or at the very least, partner with it.
It's unclear if the Pepsi deal is a prelude to a possible investment in SodaStream or an outright takeover. SodaStream was not available for comment.
But the mere fact that SodaStream, which once featured exploding plastic bottles of cola in ads that directly called out Pepsi and Coke as being environmentally wasteful, now realizes that it may need one of its former rivals just goes to show how quickly the company's fortunes have turned.
Reader Comment of the Week! I tweeted earlier this week about how amazing Apple (AAPL) earnings were. But one follower was more interested in how another consumer electronics company was doing.
I hope you didn't get in too high with GoPro (GPRO)! This stock can't be a Hero forever.
The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, Abbott Laboratories and AbbVie, La Monica does not own positions in any individual stocks.
Mark Twain allegedly said that you should write what you know. I MOREPaul R. La Monica - Aug 5, 2014 1:06 PM ET
SodaStream (SODA) is in the business of making things pop -- and that exactly what its stock was doing Thursday.
Shares of the Israeli-based manufacturer of home soda devices jumped 16% after a Bloomberg report claimed that the company is in talks with a group of investors to go private.
According to the report, which cites anonymous sources, the deal would value the company at $40 a share, up from its current price MOREJesse Solomon - Jul 24, 2014 1:43 PM ET
The Berkshire Hathaway annual shareholder meeting in Omaha on Saturday started as it always does ... with some good clean fun.
But investors grilled Berkshire CEO (BRKA) (BRKB) Warren Buffett and vice chairman Charlie Munger about Coca-Cola, President Obama and succession plans, among other issues, once the question and answer session started.
Buffett was mobbed by the MOREPaul R. La Monica - May 3, 2014 12:44 PM ET
It's been a good week to be in the soda business.
While the debate over whether Pepsi or Coke taste better will probably go on forever, there's no denying the beverage companies have fairly healthy balance sheets.
PepsiCo and Coca-Cola both reported better-than-expected earnings this week, proving to investors that consumers still like their soda (or pop if you're from the Midwest) and snacks.
Shares of PepsiCo (PEP) rallied 5% to a new MORECatherine Tymkiw - Apr 18, 2013 1:15 PM ET
Investors are turning their noses up at beverage stocks, as the Health Department approved a ban on selling giant sugary drinks in New York City on Thursday and two senators questioned the safety of energy drinks for children.
Monster Beverage (MNST) which makes non-carbonated energy drinks, as well as iced teas, lemonades and juice cocktails, has seen its stock fall nearly 10% over the past five days. Recently, takeover MORECatherine Tymkiw - Sep 13, 2012 11:58 AM ET
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