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GMA SmartBrief 07/19/2019 11:06
Pioneer Foods forms an important part of our strategy to not only expand in South Africa, but further into sub-Saharan Africa as well," said PepsiCo CEO Ramon Laguarta.
More from GMA SmartBrief: 07/19/2019 07:35
Pioneer Foods forms an important part of our strategy to not only expand in South Africa, but further into sub-Saharan Africa as well,” PepsiCo Chairman and CEO Ramon Laguarta said in a statement.
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MarketWatch 07/19/2019 06:55
PepsiCo Inc. said Friday it has reached an agreement to acquire South AFrica's Pioneer Foods in an all-cash deal valued at about $1.7 billion. The company is playing 110 rand ($7.90) per share, equal to a 56% premium over the 30-day volume weighted average price prior to an announcement on July 15. "This acquisition will help PepsiCo gain a solid beachhead for expansion into Sub-Saharan Africa by boosting the company's manufacturing and go-to-market capabilities, enabling scale and distribution," the company said in a statement. Pioneer owns a range of cereals, juices and other African staples, including brands that are popular in Africa including Weet-Bix, Liqui-Fruit, Ceres, Sasko, Safari, Spekko, and White Star. The deal will be funded t.
More from MarketWatch: 07/19/2019 06:06
As part of this goal, PepsiCo will create a new operating sector for Sub-Saharan Africa, named PepsiCo SSA.
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Channel NewsAsia (Singapore) 07/19/2019 04:00
PepsiCo offered 110 rand (US$7.94) per Pioneer Foods ordinary share, the companies said, with the news lifting the South African company's shares by 28.8per cent to almost 100 rand.
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One America News Network 07/19/2019 03:00
PepsiCo offered a cash consideration of 110 rand ($7.94) per Pioneer Foods ordinary share, a 56.5% premium as of July 12.
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PR Newswire 07/19/2019 02:38
PepsiCo generated more than $64 billion in net revenue in 2018, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana.
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Food Ingredients First 07/18/2019 20:00
According to a statement from PepsiCo, “Pioneer Foods has a robust, locally relevant product portfolio that complements PepsiCo's current lineup, with strong positions in cereals, juices, and other African nutritional food staples.
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PepsiCo has definitely captured consumer attention with its bubly — the brand's take on the fizzy beverage.
More from TREND HUNTER - The Latest Trends:
PepsiCo wants to make bubly its next billion dollar brand.
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Seeking Alpha 07/14/2019 21:04
PepsiCo has steady growth and plenty of cash, which it uses to buy bolt-on companies, increase the dividend each year, and buy back shares.
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India Today (India) 07/14/2019 11:11
PepsiCo should pay compensation to Gujarat potato growers, demand farmer leaders.
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