Pepsico Buys Stake in Maker of Kiosks

Pepsico Inc. has bought a minority stake in a maker of food vending carts--or kiosks--which the soft drink company plans to use for some of its fast-food operations.

Terms of the deal with Carts of Colorado Inc. were not disclosed.

The company announced Thursday that it had entered a partnership with Pepsico, the parent of Taco Bell, Pizza Hut and Kentucky Fried Chicken.

The cart company notified some fast-food clients it will sever ties with them in order to avoid conflicts of interest with Pepsico.