PepsiCo buys South Africa's Pioneer Food Group.

Position:Business Intelligence: Deals
 
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US food giant PepsiCo has agreed to buy South Africa's Pioneer Food Group in a $1.7bn deal, increasing its manufacturing and distribution potential in the region. PepsiCo said that Pioneer Food Group's brands, which include cereals and juices, would prove complementary to the company as it launches a new operating unit for sub-Saharan Africa. "Pioneer Foods forms an important part of our strategy to...

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