In line with its strategy to shift toward healthier options, PepsiCo Inc. ( PEP - Free Report ) will acquire Bare Foods, a U.S.-based maker of baked fruit and vegetable snacks. No terms of the deal were disclosed. Buyout Benefits The addition of Bare Foods' fruit and vegetable chips will expand Frito-Lay's better-for-you snack offerings. Also, Bare Foods' baked crunchy fruit and vegetable assortments resonate well with current consumer preference. Bare Foods products are Non-GMO Project verified and come with clean labels. Performance with Purpose The decision to add this organic food maker is well in line with PepsiCo's Performance with Purpose initiative, which aims to increase healthier food options in PepsiCo's portfolio. "For nearly a dozen years, PepsiCo has been committed to Performance with Purpose, our vision of making more nutritious products, while also reducing added sugars, salt and saturated fat.