Frito-Lay, the snacking division of food and drinks giant PepsiCo, is investing $70 million to upgrade a prodjction facility in Frankfort, IN, according to a report in Inside Indiana Business. The investment is reportedly to be used to install a new snack production line as well as to expand an existing warehouse. 45 jobs are expected to be created as a result of the upgrade. News of the expansion follows a …
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PepsiCo
PepsiCo, the US based drinks and snacks giant, is planning to invest 514 crore INR ($74.7 million) over the next three years to set up a snack manufacturing plant in Uttar Pradesh, northern India, according to a report in the Economic Times. The new plant is expected to create over 1,500 direct and indirect jobs, the company said in a statement. Commenting on the move, PepsiCo India president and CEO …
Global snacks and drinks giant PepsiCo has acquired a stake in Natural Food International, one of China’s largest natural food firms, according to media reports. PepsiCo’s 26% stake in the Shenzhen-based company will reportedly make it Natural Food International’s second largest shareholder. Natural Food International makes products from grains, nuts, and beans, with a focus on grain-based premium nutrition powder. Described as China’s second largest natural food producer by retail …
PepsiCo, the global snacks and drinks giant, has announced that it has entered into an agreement to acquire all the shares of leading South African food manufacturer Pioneer Foods for approximately $1.7 billion. In a press release, PepsiCo described Pioneer Foods as having a “robust, locally relevant” product portfolio of cereals, juices and other African food staples, including well-known brands like Weet-Bix, Liqui-Fruit, Ceres, Sasko, Safari, Spekko, and White Star, …
PepsiCo, the US based drinks and snacks giant, is taking on rival Coca-Cola in the UK RTD coffee category, with the launch of a new brand range in partnership with coffee specialist Lavazza. The new “cappuccino” drink is advertised as an “intense espresso shot blended with white milk froth” and is described as featuring a blend of Lavazza coffee and milk. Tagged as having a “noble Italian taste”, it is …
Mid Europa, a UK-based private equity firm, has announced it has sold the Serbian soft drinks business Knjaz Milos to a joint venture formed by food and drinks multinational PepsiCo and Czech water distributor KMV for an undisclosed sum. The fund acquired Knjaz Milos together with leading regional dairy and confectionery players Imlek and Bambi in 2015, and, capitalising on increased consumer demand for water and other drinks products, reportedly emerged as the …
PepsiCo, the global food and drinks giant, has announced plans to invest $4 billion in Mexico between 2019 and 2020, leading to the creation of an estimated 3,000 new jobs. The investment includes $109 million to build what PepsiCo said what would be its first new plant in Mexico in 20 years. The facility, to be located in Guanajato, is scheduled to be operational by 2025 and will strengthen PepsiCo’s …
US food company Hormel Foods has announced it has agreed to sell its CytoSport sports nutrition business to fellow US consumer goods firm PepsiCo for an undisclosed sum. Hormel Foods acquired CytoSport, which markets the Muscle Milk and Evolve Protein range of protein powders, shakes and bars, in 2014 for approximately $450 million. Commenting on the sale, Jim Snee, chairman of the board, president and chief executive officer at Hormel Foods, …
Varun Beverages, PepsiCo’s Indian bottling partner, is set to acquire PepsiCo’s company-owned bottling, sales and distribution operations in the south and west regions of India, according to a report in the Economic Times. Varun Beverages is already the franchise partner for PepsiCo’s bottling operations in the North and East, having acquired those divisions in 2014. The latest acquisition, the value of which is said to be between 24 and 27 billion INR ($340 and $380 …
Global snacks and drinks giant PepsiCo has announced the closure of its factory in the Free Economic Zone of Manaus, reportedly after changes to taxes in the soft drinks sector. According to Exame, PepsiCo said that the decision to leave the region “was taken with the goal of efficiently managing our operations throughout Brazil and positioning the company for long-term growth, regardless of the recent change in the tax regime”. …
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