New York-based PepsiCo, Inc said its sales grew by 4% in fiscal 2019 to $67.1bn, with the fourth quarter recording a 5.7% growth in sales to $20.6bn.
The company noted that its Frito-Lay North America snack business and PepsiCo North American business unit were partly responsible for lifting the company’s sales by 4% and 3% respectively.
PepsiCo Inc said it has received approval from the South African Competition Commission to acquire South African-based Pioneer Foods. The Commission has recommended to the country’s Competition Tribunal the approval of the proposed transaction in which Simba (Pty) Ltd, a subsidiary of PepsiCo, intends to acquire Pioneer Foods Group Limited subject to certain conditions.
PepsiCo, through Simba, supplies several ready-to-eat products in South Africa under well-known brands which include Simba, Lays, Dorito’s, NikNaks and Fritos.
