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PepsiCo expands in Africa with $1.7bn Pioneer Foods buy
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

12/25 06:36