Sydney, Australia 7 October 2025: PepsiCo today announced the acquisition of Dowling AgriTech (DAT), a leading seed potato business based in Australia, in a strategic move to strengthen seed supply security, drive innovation, and further strengthen partnerships with potato growers.
The acquisition marks a significant step as PepsiCo deepens its investment in the agriculture value chain across the Asia-Pacific (APAC) region and reinforces its commitment to sustainable growth and resilience in the seed potato value chain.
DAT’s robust variety and seed pipeline, long-standing grower relationships, and reputation for agronomic excellence will support the roll-out of PepsiCo’s long-term sustainable agronomy strategy across APAC.
“This acquisition allows PepsiCo to play a more purposeful role in the seed potato ecosystem, as a long-term partner of choice for seed and chipstock growers in the Asia-Pacific region,” said Colin Matthews, Supply Chain Senior Director for PepsiCo APAC. “By integrating DAT’s capabilities and expertise, we can help secure seed supply and bring innovation to the agriculture sector.”
“This is a great outcome for DAT. It’s business as usual in all respects, yet we’re now part of a global food and beverage company, with a high capacity to drive the business forward,” said Ben Dowling, Director at Dowling AgriTech.
“We developed this business with the aim of contributing to potato crop improvement, both in Australia and in export markets. Our mission is to produce high quality seed so that each variety can reach its full genetic potential. PepsiCo is a strong believer in this and we see strong alignment in intentions and capabilities as we move forward.”
PepsiCo APAC Agronomy Team will manage the operation and has plans to invest in the facility to support continued production of high quality seed potatoes servicing both domestic and overseas markets.
ENDS
About PepsiCo
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated nearly $92 billion in net revenue in 2024, driven by a complementary beverage and convenient foods portfolio that includes Lay’s, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo’s product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales.
Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with pep+ (PepsiCo Positive). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. For more information, visit www.pepsico.com, and follow on X (Twitter), Instagram, Facebook, and LinkedIn @PepsiCo.
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