Three Sodastream International Ltd (SODA) Suitors That Make Sense

More than half of Whirlpool’s sales came from North America in its latest quarter. Add in Latin America and we’re talking about more than 80% of Whirlpool’s business. SodaStream is growing quickly in North and South America, but that’s just 41% of its revenue. SodaStream’s biggest market remains Western Europe. Buying SodaStream could be an important step in Whirlpool growing its global footprint.

Kraft Foods Group Inc (NASDAQ:KRFT) and Campbell Soup Company (NYSE:CPB) are the other two buyers that make sense. They already have working relationships with SodaStream.

Kraft Foods Group Inc (NASDAQ:KRFT) kicked things off more than a year ago when it moved to team up with SodaStream to put out Crystal Light diet drinks and Country Time lemonade as carbonated flavors. The relationship was promising enough that a few months later it added Kool-Aid to the line of SodaStream beverages.

Campbell Soup has only provided its V8 Splash and V-Fusion product lines as Sodastream International Ltd (NASDAQ:SODA) flavors, but Campbell is a serial acquirer. Revenue grew 15% in its latest quarter, but organic growth only clocked in 4% higher. Campbell Soup Company (NYSE:CPB) isn’t stopping. It has acquired two more companies since last month.

SodaStream would provide far more growth than Campbell Soup Company (NYSE:CPB) and Kraft Foods Group Inc (NASDAQ:KRFT) are doing organically in the low single digits, and they also have the distribution muscle to increase SodaStream’s presence at the supermarket level, where the company’s just starting to get its carbonated feet wet.

Will Whirlpool, Kraft, or Campbell actually buy SodaStream? They can. All three companies command market caps well north of $10 billion. However, they probably won’t, and that would be the best thing for Sodastream International Ltd (NASDAQ:SODA) investors.

As this week’s Whirlpool deal shows, SodaStream is just starting to get busy with the fizzy.

The article 3 SodaStream Suitors That Make Sense originally appeared on Fool.com and is written by Rick Munarriz.

Longtime Fool contributor Rick Munarriz owns shares of SodaStream. The Motley Fool recommends and owns shares of PepsiCo and SodaStream.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.