Combined Circular to Pioneer Foods Shareholders. This transaction creates a leading food and beverage company in Africa led from South Africa, with a commitment to supporting the broad socioeconomic imperatives of employment, talent development, and benefiting local suppliers. Report this profile; ... New Product Development at Country Bird Holdings Ltd (CBH) Johannesburg. 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. Even if a product shows available in our locator, the product may not be on-shelf. malose moses Process manager at Suz Food Brands. Product Innovation of the Year 2017 @PepsiCoJOBS. PepsiCo is keenly aware of the importance of economic transformation through Broad-Based Black Economic Empowerment ("BEE") and intends to support Pioneer Foods' BEE program. Curious about our products and their nutritional information? At PepsiCo, we aim to give consumers choices. 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.”. PRODUCTS. PepsiCo SSA will be led by Eugene Willemsen, who most recently served as Executive Vice President of Global Categories & Franchise Management. Willemsen, who has been with PepsiCo for nearly 25 years, has extensive experience in growth markets, having previously led the company's businesses in Turkey and South East Europe. This new structure will not impact PepsiCo's reporting structure, and PepsiCo SSA will remain part of Europe Sub-Saharan Africa ("ESSA") from a financial reporting perspective.Â. malose moses. ... Top Employer South Africa 2019. The transaction is subject to a Pioneer Foods shareholder vote, certain regulatory approvals, and other customary conditions, and closing is expected by Q1 calendar year 2020. You may opt-out by. PepsiCo has a diverse product portfolio that includes 22 brands. Pioneer Foods has a robust, locally relevant product portfolio that complements PepsiCo’s current lineup, with strong positions in cereals, juices, and other African nutritional food staples, including well-known, scaled brands like Weet-Bix, Liqui-Fruit, Ceres, Sasko, Safari, Spekko, and White Star. The Group operates mainly across South Africa and exports to more than 80 countries across the globe inclusive of a number of countries in Africa. 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. Opinions expressed by Forbes Contributors are their own. PepsiCo added that it is “keenly aware” of the importance of economic transformation through Broad-Based Black Economic Empowerment (BEE) and intends to support Pioneer Foods' BEE program. South Africa Job Search - Jobs. UBS Investment Bank, J.P. Morgan and Centerview acted as financial advisors to PepsiCo. 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; PEPSI LIGHT; PEPSI MAX 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. Statements in this communication that are "forward-looking statements" are based on currently available information, operating plans and projections about future events and trends. Pepsi is a carbonated soft drink produced and manufactured by PepsiCo. The company’s brands are respected household names throughout the world and they include; Lays, Fritos, Aunt Femina, Izze, Gamesa, Tropicana, Sabra, Series Pro, Pepsi, Quaker, Rice a Roni, Doritos, 7Up, Lipton and so much more! 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. Its effort to build a base in South Africa after 1994 ended in … We’re in this together. "Pioneer Foods represents a differentiated opportunity for PepsiCo and allows us to immediately scale our business in Africa.  Through its established joint ventures initiatives the Group also operates in Namibia, Botswana, Kenya and Nigeria.  In South Africa the Group operates a number of world-class production facilities producing a range of products that includes some of the most recognizable and best loved brand names in South Africa, including the following brands: Weet-Bix, Liqui-Fruit, Ceres, Sasko, Safari, Spekko and White Star.Â. 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. 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. Our full range of food and beverages are designed to bring a smile to anyone’s face, anytime, anywhere. 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, The Lucy Apple: A New Red-Fleshed Variety That Tastes Like Honeycrisp With A Hint Of Berries, Big Sales, No Agave: A Look At 2020 In The Tequila Industry, Goat Rodeo Capital Founders Discuss Investment Strategy, Upcoming Fund, New Releases From Robert Mondavi And Merry Edwards. Pioneer has a massive distribution network throughout South Africa – and the kind of relationship with major supermarkets that make for prime placement. Our collaborative culture and worldwide presence generate a stream of new opportunities to define the future and propel your life’s work. UBS Investment Bank, J.P. Morgan and Centerview acted as financial advisors, while Bowmans acted as the South African legal counsel to PepsiCo. Connect with us. 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 South Africa. Connect with us. Also, PepsiCo will almost certainly use the Pioneer Foods distribution network to launch some of its products in South African supermarkets, says Louw. 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. PepsiCo undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise. The Pioneer Foods acquisition is key to PepsiCo’s growth strategy across the entire African continent. PepsiCo, known to be one of the world’s largest food and drink companies, owns brands including Pepsi, Lays, Doritos and Gatorade. 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. Pepsi Beverages: 1-800-433-2652 for the bottler nearest to you. 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. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including 22 brands that generate more than $1 billion each in estimated annual retail sales. Join to Connect PepsiCo ... • Guide and direct commercial activity to maximise the potential of the products and services, and to support delivery against KPI’s and targets. University of Johannesburg. 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. PepsiCo said Pioneer’s products—especially cereals, juices and other African food staples—would be a good fit with its existing offerings in the region. Watch Now . Pioneer Foods has a robust, locally relevant product portfolio that complements PepsiCo's current lineup, with strong positions in cereals, juices, and other African nutritional food staples, including well-known, scaled brands like Weet-Bix, Liqui-Fruit, Ceres, Sasko, Safari, Spekko, and White Star. This time around, Pepsi is entering South Africa by way of a franchise deal with Pioneer Foods, home to popular South African household food and drink brands such as Ceres, Marmite, Weet-Bix, Bokomo, Safari and Liqui Fruit. PRODUCTS. PSG Capital acted as corporate and transaction advisor, while Webber Wentzel acted as South African legal counsel to Pioneer Foods. He can be reached at douglasreports@yahoo.com, © 2020 Forbes Media LLC. Pioneer Foods is one of the largest South African producers and distributors of a range of branded food and beverage products and posted revenue of R20.2 billion in 2018. At the same time, 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. Let's chat. Now Pepsi is one of the leading soft drink brands globally. Pioneer Foods is a manufacturer of cereals, juices and other products that are sold throughout the continent. Pepsi-Cola was created in 1898 in New Bern, North Carolina by pharmacist Caleb Bradham. Join to Connect. With Pioneer Foods, PepsiCo adds an extraordinary team of associates who will be instrumental to growth across the continent. Bowmans acted as the South African legal counsel to PepsiCo. The Foods That Saw Sales Surge In 2020, Champagne Recommendations - Brilliance From Billecart Salmon And Taittinger. Its brands include Weet-Bix, Liqui-Fruit, Ceres, Sasko, Safari, Spekko, and White Star. PRODUCTS. Read: R24 billion later, Pepsi could finally have a fighting chance against Coke in South Africa – and maybe we’ll get Funyuns too PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. 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."Â. PSG Capital acted as corporate and transaction advisor to Pioneer Foods and Webber Wentzel acted as South African legal counsel to Pioneer Foods. Crab? US maker of cooldrinks and snack foods PepsiCo has had its eye on the southern African consumer market for decades. Explore Our Products. PURCHASE, N.Y. and JOHANNESBURG, July 19, 2019 /PRNewswire/ -- PepsiCo, Inc. (NASDAQ: PEP) ("PepsiCo") today announced that it has entered into an agreement to acquire all the outstanding shares of Pioneer Foods Group Ltd. (JSE: PFG) ("Pioneer Foods") for R110.00 per share in cash (approximately US $1.7 billion), which represents a 56% premium to the 30-day volume weighted average price prior to the cautionary announcement on July 15, 2019. Product Locator. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from those predicted in such forward looking statements. In 2020, PepsiCo acquired Pioneer Foods, a leading food and beverage company in South Africa, adding its robust, well-known brands including Weet-Bix, Bokomo and Ceres to PepsiCo’s portfolio. Forbes Favorites 2020: The Year’s Best Food & Drink Stories, Forbes Food & Drink Awards 2020: In Praise Of Magic Mushrooms And Lab-Grown Meat, Oat Milk, Yeast And . Anonymized data is stored for redirects to the career site tracking successful searches leading to job applications in effort to measure effectiveness of partners in sourcing job candidates and job searches. What Pioneer Foods has to offer PepsiCo. It’s bolder and darker, but full of flavour. Our collaborative culture and worldwide presence generate a stream of new opportunities to define the future and propel your life’s work. Check out our new page for details on our beverage, food and everyday nutrition products. [54] PepsiCo's European presence expanded in Russia in 2009 as the company announced a $1B investment, [66] and with its acquisition of Russian juice and dairy product brand Wimm-Bill-Dann Foods in December 2010 and Lebedyansky juice producer in March 2008. ", As part of this transaction and PepsiCo's goal to become faster and more locally focused, the company will create a new operating sector for Sub-Saharan Africa ("SSA"). Such risks and uncertainties include, but are not limited to: changes in demand for PepsiCo's products, as a result of changes in consumer preferences or otherwise; changes in laws related to the use or disposal of plastics or other packaging of PepsiCo's products; changes in, or failure to comply with, applicable laws and regulations; imposition or proposed imposition of new or increased taxes aimed at PepsiCo's products; imposition of labeling or warning requirements on PepsiCo's products; PepsiCo's ability to compete effectively; political conditions, civil unrest or other developments and risks in the markets where PepsiCo's products are made, manufactured, distributed or sold; PepsiCo's ability to grow its business in developing and emerging markets; uncertain or unfavorable economic conditions in the countries in which PepsiCo operates; failure to successfully complete, integrate or manage acquisitions and joint ventures into PepsiCo's existing operations or to complete or manage divestitures or refranchisings; changes in estimates and underlying assumptions regarding future performance that could result in an impairment charge; increase in income tax rates, changes in income tax laws, including as a result of enactment and implementation of the Switzerland Federal Act on Tax Reform and AHV Financing, or disagreements with tax authorities; PepsiCo's ability to recruit, hire or retain key employees or a highly skilled and diverse workforce; loss of, or a significant reduction in sales to, any key customer; disruption to the retail landscape, including rapid growth in hard discounters and the e-commerce channel; climate change or water scarcity, or legal, regulatory or market measures to address climate change or water scarcity; other factors that may adversely affect the price of PepsiCo's publicly traded securities and financial performance; and risks related to the proposed acquisition, including the inability to satisfy the conditions to the closing of the proposed acquisition and risks that the proposed acquisition disrupts current plans and operations of Pioneer Foods and the potential difficulties in employee retention as a result of the proposed transaction. For shoppers around the world, Pioneer Foods is the food and beverage company that develops and delivers products that help them and their families realise their full potential and live better lives through the company's quest and purpose to consistently establish new and enhanced ways of producing, distributing, marketing and selling products. Market Development Director at PepsiCo Johannesburg Area, South Africa 478 connections. At PepsiCo, you get the best of both worlds: an entrepreneur’s mindset plus reach and resources. 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. "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, one of South Africa's leading food and beverage companies," said PepsiCo Chairman and CEO, Ramon Laguarta. . PepsiCo appoints SoftBev as new South African bottler. Connect with us. PepsiCo will increase its footprint in Africa with the purchase of Pioneer Foods, a South African processor of grain-based products, juices and other foods.. PepsiCo has agreed to pay $1.8 billion for Pioneer, maker of Weet-Bix breakfast cereal and Ceres fruit juice. "Winning with Purpose" reflects our ambition to win sustainably in the marketplace and embed purpose into all aspects of the business.  For more information, visit www.pepsico.com. 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