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PepsiCo Eyes Growth in Africa with Pioneer Foods Acquisition

PepsiCo Eyes Growth in Africa with Pioneer Foods Acquisition

On July 19, PepsiCo (PEP) announced that it had agreed to acquire South Africa’s Pioneer Foods Group for 110 South African rand per share, or about $1.7 billion. Pioneer Foods manufactures food and beverage products. It owns popular brands such as Weet-Bix, Liqui-Fruit, Ceres, Sasko, Spekko, Safari, and White Star. PepsiCo expects to complete the […]