Our full range of food and beverages are designed to bring a smile to anyone’s face, anytime, anywhere. “Often, these strategies are undertaken at the expense of short- to medium-term profitability, which further shrinks already narrow margins for all market participants,” it said. Pioneer Foods has shareholders who are keen to sell. Our collaborative culture and worldwide presence generate a stream of new opportunities to define the future and propel your life’s work. PURCHASE, N.Y. — PepsiCo, Inc. has reached an agreement with Pioneer Foods Group Ltd., Johannesburg, South Africa, to acquire the company for approximately $1.7 billion. Pepsi Playing Cards 2. The company's line of business includes the operation of nonclassifiable establishments. The deal is also expected to enable PepsiCo to expand its sustainable farming program in Africa and work with local farmers and suppliers to help boost yields, improve livelihoods and preserve precious natural resources. “Pioneer Foods forms an important part of our strategy to not only expand in South Africa, but further into Sub-Saharan Africa as well. Check out our new page for details on our beverage, food and everyday nutrition products. Toggle navigation. Read: R24 billion later, Pepsi could finally have a fighting chance against Coke in South Africa – and maybe we’ll get Funyuns too Supporting Local Communities Through COVID-19. Moreover, they are committed to being responsible in continually improving all aspects of the world in which they operate - environment, social, and economic. PepsiCo products are enjoyed by consumers more than … ... 552 products for "Pepsi" AMT - Ford C600 Pepsi Truck 1 25 Plastic Model Kit. Pioneer Foods CEO, Tertius Carstens, said: “As part of PepsiCo, we will have greater scale to expand our leading brands, greater capital to invest in local agriculture and people, greater access to leading global capabilities and a partner committed to taking our company to even greater heights.”. Pepsico will almost certainly use the Pioneer Foods network to launch some of its products in South African supermarkets, says Schalk Louw, a portfolio manager at PSG Wealth. The Frito-Lay maker said this new division will not impact its reporting structure, and it will remain part of Europe Sub-Saharan Africa from a financial reporting perspective. Snacks are a very important component. Keith McLachlan, a fund manager at AlphaWealth, said there are four important issues to consider in this deal: McLachlan said Africa represented an excellent opportunity for food companies. He said: “As we look to accelerate our growth in key markets around the world and achieve our vision to be the global leader in convenient foods and beverages by ‘winning with purpose,’ we are absolutely thrilled to join forces with Pioneer Foods. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation with Forbes Insights. Africa’s biggest pay-TV group MultiChoice is keen to raise its stake in Nigerian sports-betting group BetKing, CEO Calvo Mawela tells The Africa Report. All Rights Reserved, This is a BETA experience. At present, its African operations fall partly under Europe/sub-Saharan Africa (10% of operating profit in 2018), and partly under Asia, Middle East and North Africa (12% of operating profit). "Go into any shop, and compare how Coca-Cola is placed compared to Pepsi’s beverages. PSG Capital acted as corporate and transaction advisor to Pioneer Foods and Webber Wentzel acted as South African legal counsel to Pioneer Foods. LEARN MORE PepsiCo is not just a beverages business. Wake up to the essential with the Editor's picks. Pioneer Foods is based in South Africa and sells a wide variety of food and beverage products including rice, pasta, cereal, and juices. U.S. food and beverage giant PepsiCo has agreed to acquire South Africa-based company, Pioneer Foods, for approximately $1.7 billion, which implies 11 times FY2020E consensus EBITDA. Auto req ID: 210735BR Job Description At PepsiCo Africa, Middle East and South Asia, people from different backgrounds and experiences eagerly roll up their sleeves, pitch in and get to work. Pepsico has 3 sites in South Africa (Isando, Parrow, and Prospecton) which produce Lay's and Simba chips. R659.00 . Pioneer Foods is a manufacturer of cereals, juices and other products that are sold throughout the continent. But Pioneer Foods did offer the attractions of an existing distribution network and immediate capacity for expansion into Africa. About PepsiCo. What Pioneer Foods has to offer PepsiCo. the South African soft drink market, versus PepsiCo’s 4.7%. Explore Our Products. PepsiCo appoints SoftBev as new South African bottler. ... Our Products. Pepsi is a carbonated soft drink produced and manufactured by PepsiCo. And PepsiCo, whose drinks business has gained little traction in Africa (the Pepsi SA business is owned by a local private equity entity), must relish the idea of products … MultiChoice wants to raise exposure to Nigerian sports betting, South Africa: Rammed by Covid, Tsogo Sun & Sun International mull job cuts, Zambia’s default leaves Angola as Africa’s most exposed borrower, Nigeria: Businesses need lower interest rates to kick-start recovery. It exports to several African countries and has joint ventures in Namibia, Botswana, Kenya and Nigeria. What Pioneer Foods has to offer PepsiCo. They are available in over 200 countries and territories and tailored to meet the tastes and preferences of our local consumers. For PepsiCo, tying up with Pioneer will allow it to distribute its own brands across Africa and select some of the Pioneer brands to distribute within its own global network. PEPSI; PEPSI LIGHT; PEPSI MAX; CAMPAIGNS. Connect with us. PepsiCo has struck a deal to buy South Africa's Pioneer Food Group for $1.7 billion, the companies said on Friday, lifting Pioneer's shares and boosting … As part of the acquisition, PepsiCo will create a new operating unit for Sub-Saharan Africa, led by Eugene Willemsen who most recently served as EVP of global categories and franchise management. PepsiCo has struck a deal to buy South Africa's Pioneer Food Group for 1.7 billion U.S. dollars, the companies said on Friday, lifting Pioneer's shares and boosting a sector that has been hit by drought and tough trading conditions. We recommend either ordering via grocery delivery or calling your local store to verify. Pioneer has very valuable brands as well as excellent manufacturing capability and the ability to distribute its brands across a wide footprint in the SADC region. Sign up for news and offers. PepsiCo CEO and chairman Ramon Laguarta, who succeeded Indra Nooyi about a year ago, noted that Pioneer Foods represents a “differentiated opportunity” for PepsiCo and allows the company to immediately scale its business in the region. In a December 2018 report from the Africa Growth Initiative at the Brookings Institution, researcher Landry Signé said consumer spending in Africa had risen by a compound rate of 3.9% since 2010 and was expected to reach $2.5 trillion by 2030. According to PepsiCo, the deal is key to unlocking the potential of African markets for future growth, given macro-economic prospects and the affordability of many PepsiCo products. The revolutionary Pepsi MAX has the same crisp, refreshing taste of Pepsi, minus the calories. You may opt-out by. JOHANNESBURG—PepsiCo Inc. has agreed to buy South Africa’s Pioneer Foods Group Ltd. for $1.7 billion, as the snack-and-beverage giant looks to build up its business in sub-Saharan Africa. The official home of Pepsi®. The sectors that would benefit the most from future growth in household consumption would be food and beverages, housing, luxury goods, transport, hospitality and recreation. There were short-term headwinds in some economies – including SA – but in the longer term Africa’s population growth required food and its rising living standards would result in higher buying power over time. View Offer. Pepsico’s brands include Pepsi, Tropicana, Quaker Oats, Lays, and Simba. The burden of servicing debt, a high dependency ratio and China’s reduced need for oil leave the odds stacked against Angola avoiding Zambia’s path into default in the medium term. PSG Capital acted as corporate and transaction advisor, while Webber Wentzel acted as South African legal counsel to Pioneer Foods. To our PepsiCo frontline, and everyone on the frontline of the COVID-19 pandemic, thank you for all you’re doing. Watch Now . Its brands include Weet-Bix, Liqui-Fruit, Ceres, Sasko, Safari, Spekko, and White Star. At PepsiCo, you get the best of both worlds: an entrepreneur’s mindset plus reach and resources. Damage control, debt optimisation and revenue distress are common themes emerging from two major South African hospitality groups in the aftermath of COVID-19. Product Locator. Pepsico and Pioneer had a previous relationship through a bottling agreement so they know each other and have worked together. R829.00 . Although Treurnicht said he was not sure now was the right time to go back into the continent, for a company like PepsiCo that had clearly decided there were opportunities, Pioneer Foods was a good vehicle. PepsiCo has agreed to pay $1.7 billion to buy South Africa’s Pioneer Foods, as the beverage giant looks to expand and accelerate its growth in sub-Saharan Africa. PepsiCo operates a rather impressive annual revenue of $64.7 billion. Pioneer Foods’ brands include White Star, Weet-bix, Liquifruit, Ceres, Sasko and Spekko. Even if a product shows available in our locator, the product may not be on-shelf. Having an established reputation as the U.S. candyman, Douglas has been invited by several mainstream media outlets, including NPR Marketplace, Bloomberg Radio, and The Washington Post, to provide commentary on the industry. It’s bolder and darker, but full of flavour. Pepsico’s brands include Pepsi, Tropicana, Quaker Oats, Lays, and Simba. It was interesting that PepsiCo was targeting growth in African markets, Treurnicht said. Speaking after the launch of the Pepsi plant under Varun Beverages Zimbabwe Private Limited in Harare last week, PepsiCo sub-Sahara African GM vice-president Sarah-Anne Orphanides said the market was attractive. Pioneer Foods is based in South Africa and sells a wide variety of food and beverage products including rice, pasta, cereal, and juices. According to PepsiCo, the deal is key to unlocking the potential of African markets for future growth, given macro-economic prospects and the affordability of many PepsiCo products. PepsiCo is looking at Zimbabwe among three other countries in the region to set up a snack plant. PepsiCo is to acquire South Africa’s Pioneer Foods for $1.7bn, expanding the US fizzy drinks and snacks company’s footprint in the African market as it diversifies under a new chief executive. Its global presence is well-established, but when compared to Coca-Cola, it lags behind. (In July 2015 Pioneer and PepsiCo terminated a contract under which Pioneer had sole rights to bottle and sell Pepsi in SA.). Of that, 42.5 percent comes from outside of the United States. Bowmans acted as the South African legal counsel to PepsiCo. Douglas Yu is an American entrepreneur with unique insights and knowledge about consumer packaged goods gained from his years of experience writing about the industry, with topics ranging from product development, M&A, PE investments to litigations, as a business and financial journalist. The impact of COVID-19 is having a devastating effect on communities across the globe. PepsiCo‘s Performance with Purpose goal is delivering sustained financial performance by providing a wide range of products from treats to healthy eats. At PepsiCo, you get the best of both worlds: an entrepreneur’s mindset plus reach and resources. We’re in this together. ... Top Employer South Africa 2019. Food and beverages will be one of the fastest-growing sectors in Africa over the next decade and various multinationals, including Walmart and ABInBev, have been building up their presence through buying South African companies with African networks. Total Rewards at a Glance. ... About PepsiCo. Cassie Treurnicht, a portfolio manager at Gryphon Asset Management in Cape Town, said South African industrial companies were not popular acquisition targets for multinationals at present, given disproportionate fears around Eskom and electricity generation. Five to seven years ago there was a lot of interest from multinationals in expanding in Africa, but many fled the continent after the collapse in commodities prices. He can be reached at douglasreports@yahoo.com, © 2020 Forbes Media LLC. Tertius Carstens (left), CEO of Pioneer Foods and Eugene Willemsen (right), CEO of PepsiCo ... [+] Sub-Saharan Africa. DON'T MISS : Talking Africa New Podcast – Nigeria's Toyin Sanni on investing without a safety net, By Charlotte Mathews, in Johannesburg At PepsiCo, we aim to give consumers choices. PepsiCo said its new sub-Saharan Africa operating sector will be led by Eugene Willemsen, who most recently served as the group’s executive vice president of global categories and franchise management. UBS Investment Bank, J.P. Morgan and Centerview acted as financial advisors, while Bowmans acted as the South African legal counsel to PepsiCo. R1 816.00 . Dive Brief: PepsiCo entered into an agreement to acquire South African company Pioneer Foods Group for $1.7 billion, reported Bloomberg. Nigeria’s government needs to help businesses stricken by the economic impact of COVID-19 by reducing interest rates, Chris Okoro, CEO of engineering services company Interlinked Technologies Plc, tells The Africa Report. 03 June Talent Researcher at PepsiCo View Offer. In its last annual report, Pioneer noted increasing competition in the food sector in Africa as a result of a focus by many multinationals on growing their market share and penetration. He currently serves as Chief Operating Officer at Oxygen Confectionery Corp., a confectionery company registered in Delaware that has set its ambitions for worldwide expansion with its globally patented dispensers that are fun, convenient, and refillable. The transaction is subject to a Pioneer Foods shareholder vote, certain regulatory approvals, and other customary conditions, and closing is expected by the first quarter of 2020. Sub-Saharan Africa is set to become a new regional division for multinational PepsiCo after it completes the $1.7bn purchase of South African food group Pioneer Foods, announced last week. Our businesses are highly complementary, and we look forward to working with the Pioneer Foods team to successfully build and implement a shared vision in the region.”. I write about trends and investments in the consumer goods industry. Stay up to date with the latest products, promotions, news and more at www.pepsi.com PRODUCTS. PepsiCo Finance South Africa Pty Ltd Pepsico Finance (South Africa) (Pty) Ltd was founded in 1994. U.S. food and beverage giant PepsiCo has agreed to acquire South Africa-based company, Pioneer Foods, for approximately $1.7 billion, which implies 11 … We're working diligently to keep products readily available to our consumers. Opinions expressed by Forbes Contributors are their own. According to a public statement, Pioneer Foods has a “robust, locally relevant” product portfolio, with strong positions in cereals, juices, and other African nutritional food staples. This discrepancy had been targeted as a priority by CEO Ramon Laguarta as he sets his eyes on Africa, which holds specific promises for a successful expansion. Posted on Friday, 26 July 2019 14:46. 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