M&A Deal Summary

PepsiCo Acquires Pioneer Foods

On July 19, 2019, PepsiCo acquired food company Pioneer Foods for 1.7B USD

Acquisition Highlights
  • This is PepsiCo’s 14th transaction in the Food sector.
  • This is PepsiCo’s 7th largest (disclosed) transaction.
  • This is PepsiCo’s 1st transaction in South Africa.

M&A Deal Summary

Date 2019-07-19
Target Pioneer Foods
Sector Food
Buyer(s) PepsiCo
Deal Type Add-on Acquisition
Deal Value 1.7B USD
Advisor(s) Webber Wentzel (Legal)

Target

Pioneer Foods

Johannesburg, South Africa
Pioneer Foods is a producer and distributor of a range of branded food and beverage products. 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. Pioneer Foods was founded in 1996 and is based in Johannesburg, South Africa.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

PepsiCo

Purchase, New York, United States

Category Company
Founded 1898
Sector Beverages
Employees319,000
Revenue 91.9B USD (2024)
DESCRIPTION
PepsiCo office in Columbia, Maryland.
PepsiCo office in Columbia, Maryland.

PepsiCo is a global food and beverage company. PepsiCo's brands include Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. Through its operations, authorized bottlers, contract manufacturers and other third parties, PepsiCo makes, markets, distributes and sells a wide variety of beverages, foods and snacks. PepsiCo was founded in 1898 and is based in Purchase, New York.


DEAL STATS #
Overall 24 of 28
Sector: Food M&A 14 of 16
Type: Add-on Acquisition M&A Deals 16 of 20
Country: South Africa M&A 1 of 1
Year: 2019 M&A 3 of 4
Size (of disclosed) 7 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-05 Knjaz Miloš a.d.

Arandjelovac, Serbia

Knjaz Miloš a.d. is the largest producer of mineral water and energy drinks on the Serbian market. Knjaz Milos engages in beverages business in former Yugoslavia with an undisputed leadership in the mineral water market in Serbia and Montenegro and is number three in Macedonia and Bosnia. In addition to its mineral water activities, Knjaz Milos, through Guarana, is the number one player in the energy drink segment in Serbia & Montenegro and is the number one juice player in the Serbian HORECA channel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-02 BFY Brands

Liberty, New York, United States

BFY Brands LLC is a snack manufacturer under the brand PopCorners snacks. BFY Brands was founded in 1998 and is based in Liberty, New York.

Buy -