A good week for Pioneer Foods CEO Tertius Carstens
You know you run a good business when one of the world’s biggest companies wants it. Take a bow, Tertius Carstens, CEO of Pioneer Foods
25 July 2019 - 05:00
A good week
You know you run a good business when one of the world’s biggest companies wants it. Take a bow, Tertius Carstens, CEO of Pioneer Foods. PepsiCo, the third-largest food and drink company (owner of Pepsi, Mountain Dew, Lay’s, Tropicana, 7 UP, Doritos, Quaker Foods and Fritos) will acquire the SA food giant for R24bn. Pioneer owns Bokomo, Ceres, Sasko, Liqui-Fruit and Spekko. The deal was scuppered in 2017 because of political unease under then president Jacob Zuma. Could things be looking up for SA Inc?..
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