date:Jul 22, 2019
PepsiCo is extending its reach in Africa with the $1.7 billion acquisition of Pioneer Foods, a packaged goods business based in South Africa.
The deal grants PepsiCo access to a robust, locally relevant product portfolio comprising cereals, juices and other African nutritional food staples.
The company added that the deal helps it gain a solid beachhead for expansion into sub-Saharan Africa by boosting its manufacturing and go-to-market capabilities, enable scale and distribution.
Pioneer Foo