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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.
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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.
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
In addition, this transaction brings together two like-minded companies, with both Pioneer Foods and PepsiCo aligned around a vision for building a more sustainable future and investing in communities.
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PepsiCo chairman and CEO Ramon Laguarta said: “We are absolutely thrilled to join forces with Pioneer Foods, one of South Africa’s leading food and beverage companies.
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Coca-Cola plans European roll-out for Costa Coffee products.
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Aquafornia 07/16/2019 11:40
Keystone projects for the midcounty planning effort, mandated. by the state for all groundwater-dependent agencies, include. stormwater runoff management, Soquel Creek Water District’s. Pure Water Soquel advanced water treatment plant, and the city. of Santa Cruz’s ongoing efforts to develop a supplemental water. supply that would primarily make use of unused winter river. runoff, likely through new storage options.
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Drinks Business (UK) 07/16/2019 07:53
Pierre Chavin has met this challenge by working directly with culinary schools in France, and collaborated with high-profile bartenders such as Jennifer Le Nechet, of Café Moderne in Paris, on bespoke drinks recipes that include her sober-focused range.
More from Drinks Business (UK): 07/15/2019 16:30
LOS ANGELES— Wanu water, the nutrient-infused water packed with 24% of your daily fiber intake, providing natural energy to boost your metabolism and quench your appetite, has announced a new strategic partnership with LiDestri Food and Drink, the premier private label and contract manufacturer of food, beverages and spirits.
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Business Wire 07/15/2019 11:03
During the course of this engagement, the marketing analytics experts at Quantzig helped the food and beverage manufacturer to make informed, data-driven decisions by leveraging advanced analytics that focused on optimizing the marketing mix.
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Business Standard (India) 07/14/2019 12:36
In his maiden address to shareholders on Friday, ITC Chairman Sanjiv Puri said the company had formulated a comprehensive business-wise digital strategy to bring about change across the value chain.
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Investing News Network 07/11/2019 19:25
Keep up with major deals and investment opportunities in marijuana Learn to profit from cannabis companies The post Spending on Cannabis Drinks Gains Investor Attention appeared first on Investing News Network.
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FoodNavigator-Asia 07/04/2019 21:42
The Chinese mineral water giant starting to sell its first ever plant-based yogurt last month, after spending three years experimenting over 1,000 different formulations.
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Food Dive 07/03/2019 09:30
While not a SnackFutures project, the planned investment serves to double down on the company's snacking focus.
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