PEPSI; PEPSI LIGHT; PEPSI MAX Let's chat. Pioneer Foods is based in South Africa and sells a wide variety of food and beverage products including rice, pasta, cereal, and juices. "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 said Pioneer’s products—especially cereals, juices and other African food staples—would be a good fit with its existing offerings in the region. What Does The Restaurant Industry Look Like In 2021 And Beyond? 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. It’s maximum taste with zero sugar. Curious about our products and their nutritional information? Pepsi Beverages: 1-800-433-2652 for the bottler nearest to you. 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 . The Pioneer Foods acquisition is key to PepsiCo’s growth strategy across the entire African continent. 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. At PepsiCo, we aim to give consumers choices. Diet Pepsi made its debut in 1964. PEPSI; PEPSI LIGHT; PEPSI MAX; CAMPAIGNS Since then, it's grown into a global leader, providing packaged foods, … What Pioneer Foods has to offer PepsiCo. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from those predicted in such forward looking statements. Statements in this communication that are "forward-looking statements" are based on currently available information, operating plans and projections about future events and trends. Pepsico has 3 sites in South Africa (Isando, Parrow, and Prospecton) which produce Lay's and Simba chips. You may opt-out by. Now Pepsi is one of the leading soft drink brands globally. Our full range of food and beverages are designed to bring a smile to anyone’s face, anytime, anywhere. It will enable PepsiCo to expand its Sustainable Farming Program in Africa and work with local farmers in Pioneer Foods' communities—including women and rural smallholders—to help boost yields, improve livelihoods, and preserve precious natural resources. "Today's announcement marks a very exciting milestone for Pioneer Foods and our people, and highlights the strength of what we have created," said Tertius Carstens, CEO of Pioneer Foods. Crab? Read: R24 billion later, Pepsi could finally have a fighting chance against Coke in South Africa – and maybe we’ll get Funyuns too 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. Its brands include Weet-Bix, Liqui-Fruit, Ceres, Sasko, Safari, Spekko, and White Star. . Pioneer Foods forms an important part of our strategy to not only expand in South Africa, but further into sub-Saharan Africa as well. The revolutionary Pepsi MAX has the same crisp, refreshing taste of Pepsi, minus the calories. Product Innovation of the Year 2017. PRODUCTS. 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. ... Top Employer South Africa 2019. 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. Pioneer Foods is based in South Africa and sells a wide variety of food and beverage products including rice, pasta, cereal, and juices. Pioneer is one of the largest South African producers and distributors of a range of branded food and beverage products including Weet-Bix, Liqui-Fruit, Ceres, Sasko, Safari, Spekko and White Star. Join to Connect. Its effort to build a base in South Africa after 1994 ended in … As has been widely anticipated, PepsiCo has announced the appointment of SoftBev, the national soft drinks company, as its sole licensed bottler in South Africa, Lesotho and Swazilandand with distribution rights in … Product donations are handled by our beverage and snack food teams who serve our surrounding communities. With Pioneer Foods, PepsiCo adds an extraordinary team of associates who will be instrumental to growth across the continent. "Pioneer Foods represents a differentiated opportunity for PepsiCo and allows us to immediately scale our business in Africa. Tertius Carstens (left), CEO of Pioneer Foods and Eugene Willemsen (right), CEO of PepsiCo ... [+] Sub-Saharan Africa. Also, PepsiCo will almost certainly use the Pioneer Foods distribution network to launch some of its products in South African supermarkets, says Louw. . 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! Guiding PepsiCo is our vision to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose. Research and Development Manager Beverages - PepsiCo South Africa Johannesburg Area, South Africa 500+ connections. 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.”.  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. 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. Even if a product shows available in our locator, the product may not be on-shelf. UBS Investment Bank, J.P. Morgan and Centerview acted as financial advisors to PepsiCo. 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.”. Product Donations. 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. Product Locator. Pepsi-Cola was created in 1898 in New Bern, North Carolina by pharmacist Caleb Bradham. PepsiCo, known to be one of the world’s largest food and drink companies, owns brands including Pepsi, Lays, Doritos and Gatorade. It’s bolder and darker, but full of flavour. 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. July 14, 2015. At PepsiCo, you get the best of both worlds: an entrepreneur’s mindset plus reach and resources. 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. He can be reached at douglasreports@yahoo.com, © 2020 Forbes Media LLC. 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. PEPSI; PEPSI LIGHT; PEPSI MAX; CAMPAIGNS. Opinions expressed by Forbes Contributors are their own. 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. We’re in this together. What Pioneer Foods has to offer PepsiCo. PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. 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. Our collaborative culture and worldwide presence generate a stream of new opportunities to define the future and propel your life’s work. Frito-Lay: 1-800-352-4477 Quaker: 1-800-234-6281 Connect with us. 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. 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. PSG Capital acted as corporate and transaction advisor, while Webber Wentzel acted as South African legal counsel to Pioneer Foods. Bowmans acted as the South African legal counsel to PepsiCo. “Pioneer Foods forms an important part of our strategy to not only expand in South Africa, but further into Sub-Saharan Africa as well. 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. 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. Parent company PepsiCo's planned acquisition of Pioneer Foods, known for brands such as Weet-Bix and Marmite, could mean Pepsi is on more shelves more often. "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. For additional information on these and other factors that could cause PepsiCo's actual results to materially differ from those set forth herein, please see PepsiCo's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. 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