ARGENTINA: PepsiCo acquires biscuit firm Dilexis

By Sam Webb | 14 September 2011

PepsiCo today (14 September) announced the acquisition of Argentine cookie and cracker producer Dilexis.

The company says the transaction represents a "major step" for the business in the country, as it enters the growing category of macrosnacks, where Argentina has the highest per-capita consumption in South America.

"The addition of Dilexis, taking into account the recent development of Twistos crackers platform and Quaker cookies, positions PepsiCo as a significant player in this category," said Pablo Montivero Araya, general manager of PepsiCo South Cone Foods.

Sectors: Emerging markets, Mergers & acquisitions, Snacks

Companies: PepsiCo

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ARGENTINA: PepsiCo acquires biscuit firm Dilexis

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