SodaStream International Ltd.

The Palestinian-led movement's current consumer boycott list, which names SodaStream among a short set of brands selected for what it calls each company's proven record of complicity. The grounds it gives for SodaStream are not the settlement factory: it states that the company "is actively complicit in Israel's policy of displacing the indigenous Bedouin-Palestinian citizens of present-day Israel in the Naqab (Negev) and has a long history of racial discrimination against Palestinian workers". Page content as served on 10 August 2026.

A separate and much broader list from the consumer boycott page, aimed at governments, councils, funds, universities and unions rather than shoppers. Under Israeli corporations it names, among others, "SodaStream (owned by PepsiCo)". SodaStream therefore appears on both of the movement's lists, which matters because the correct ask differs: a shopper is asked to boycott, an institution to exclude and divest. Page content as served on 10 August 2026.

Establishes the current position from the owner's own filing. SodaStream is listed among PepsiCo's headline brands and sits in the International Beverages Franchise segment, which "manufactures and distributes SodaStream sparkling water makers and related products". The properties table lists a manufacturing plant at Lehavim, Israel, owned, among PepsiCo's significant facilities. The filing states that as of 27 December 2025 "the estimated fair value of the SodaStream reporting unit narrowly exceeded its carrying value" and that, given the low coverage, there could be further impairment. It also restates the 2023 charge of USD 862 million against SodaStream and attributes the deterioration to conditions "including higher interest rates, inflationary costs, and the ongoing conflict in the Middle East".

PepsiCo's own list of subsidiaries records SodaStream International Ltd., SodaStream Industries Ltd., SodaStream Israel Ltd. and Soda-Club CO2 Ltd. as incorporated in Israel, alongside SodaStream operating companies in Australia, Canada, France, Germany, New Zealand, South Africa, Spain, Switzerland and the Netherlands. This is the document that establishes the corporate structure a purchaser is buying from.

The Court held that Israel's continued presence in the occupied Palestinian territory is unlawful and must end as rapidly as possible, that its settlement policy and the associated exploitation of natural resources are contrary to international law, and that all States are under an obligation not to render aid or assistance in maintaining the situation.

The filing in which the write-down first appears. PepsiCo recorded pre-tax impairment charges of USD 0.6 billion for brands and USD 0.3 billion for goodwill, primarily related to the SodaStream brand and reporting unit in its International Beverages Franchise segment: USD 862 million in total against SodaStream. It attributes the deterioration in the inputs used to value the assets to macroeconomic conditions "including higher interest rates, inflationary costs, and the ongoing conflict in the Middle East", and to recent business performance.

Records the acquisition in PepsiCo's own accounts. On 5 December 2018 PepsiCo acquired all of the outstanding shares of SodaStream for USD 144.00 per share in cash, in a transaction valued at approximately USD 3.3 billion, or USD 3.2 billion net of cash acquired. PepsiCo incurred USD 75 million of merger and integration charges in 2018. SodaStream's total assets and net revenue represented approximately 5% and 1% respectively of PepsiCo's consolidated totals for that year.

Reports the completion of the USD 3.2 billion purchase announced in August 2018, and the delisting of SodaStream from the Tel Aviv Stock Exchange and Nasdaq, with removal from the TA-35 and TA-125 indices. It states that PepsiCo committed to keeping SodaStream's Israeli headquarters for 15 years. PepsiCo chief executive Ramon Laguarta says the deal gives PepsiCo "a significant presence in the at-home marketplace"; SodaStream chief executive Daniel Birnbaum says PepsiCo will help the company deliver and expand on its mission.

The last annual report SodaStream filed as a listed company, and the last public disclosure of its workforce. It records 2,592 employees, of whom 1,875 were based in Israel, and approximately 656 temporary employees, most of them at the manufacturing facilities. It confirms that most production is at the Lehavim facility and that flavours are manufactured at a leased site in Ashkelon. It states that one of its Israeli subsidiaries is eligible for tax benefits under the Israeli Law for the Encouragement of Capital Investments, and that it has received and been approved to receive grants under Israeli government programmes which it may have to refund if conditions are not met.

The company's own account of the move, filed with the US Securities and Exchange Commission. It states that in 2015 most manufacturing operations were moved to the new Lehavim facility in southern Israel, and that as part of the ramp-up SodaStream closed its facilities in Mishor Adumim, "which is located in a disputed territory sometimes referred to as the 'West Bank'", and in Alon Tavor. It records that a single facility now houses the majority of production, and a risk factor stating that activists have increased efforts to make companies and consumers boycott Israeli goods, which "may adversely impact our ability to sell our products".

An opinion piece by the paper's founding editor, hostile to the boycott, which nonetheless supplies the workforce figures. It records that the Mishor Adumim plant employed 1,300 people, of whom 350 were Israeli Jews, 450 were Palestinian citizens of Israel and 500 were West Bank Palestinians, and that pay and benefits were reported as identical for comparable jobs. It states that SodaStream closed the plant the previous October and has now laid off the last 75 Palestinian workers, having failed to secure Israeli permits for them to work at the new factory near Rahat.

Who Profits, an Israeli research centre that documents corporate involvement in the occupation, conducted a field visit to the Mishor Adumim plant on 1 December 2015. It reports the reduced headcount, the absence of goods and the partial dismantling of the factory, concludes that the plant has ceased to operate, and states that SodaStream will consequently be removed from the Who Profits database. It records a 25-million-shekel Israeli government grant towards the new plant under the Law for the Encouragement of Capital Investments; that in July 2014 SodaStream dismissed 60 Palestinian workers at Mishor Adumim who complained of receiving insufficient food to break the Ramadan fast, citing Haaretz; and that in September 2014 Bedouin women at the new Naqab plant complained of 12-hour shifts in conditions similar to Mishor Adumim. It notes that only 37 of the 130 Palestinian staff met Israeli security requirements for the new site.

Reports from the new plant in the week the West Bank factory closed, with 470 Palestinians losing their jobs. Israel granted 130 work permits for the new site, but only 37 of the West Bank staff met security requirements that exclude single people and those aged 22 and younger; those 37 travel up to four hours a day. Tahsin Hanadi, 38, describes leaving home at 4.30am and returning at 8.30pm through an Israeli checkpoint; Taqsim Mohsin, 27, travels three and a half hours a day from Abu Dis and works 12 hours. Thabet Abu Rass, director of the Negev office of Adalah, the Legal Center for Arab Minority Rights in Israel, states that the land the industrial park was built on was confiscated from Bedouin by Israel in the 1950s, and that 70,000 Bedouin citizens live in 34 villages the state treats as unrecognised. Atiyeh al-A'sam, head of the regional council for those villages, and the lawyer Atwa al-Hag Abou Anzeh both criticise the industrial zone. Omar Barghouti, co-founder of the BDS movement, states that Macy's in the US and John Lewis in the UK stopped stocking the product, that the Brighton shop closed, and that Soros Fund Management sold its stake. Chief executive Daniel Birnbaum says the government contributed USD 20 million of the plant's USD 90 million cost, and that the West Bank plant was "a legitimate factory".

The Palestinian-led movement's statement on the closure announcement, describing it as a victory for the boycott campaign and noting that the company denied boycott pressure had driven the decision.

Oxfam's own statement. It accepts Johansson's decision to step down after eight years as a global ambassador, states that her role promoting SodaStream "is incompatible with her role as an Oxfam Global Ambassador", and says Oxfam believes that businesses such as SodaStream "that operate in settlements further the ongoing poverty and denial of rights of the Palestinian communities that we work to support". Oxfam states that it opposes all trade from Israeli settlements, which are illegal under international law.

An earlier Who Profits report using SodaStream as a case study of industrial production in Israeli settlements, covering tax incentives and subsidies available to settlement plants and the labelling of settlement-produced goods.