Blog: Who else could PepsiCo be targeting?
Dean Best | 6 December 2010
After its move to buy Wimm-Bill-Dann, the market is rife with speculation about PepsiCo's other M&A targets, as the US food and drink giant looks to expand its so-called "nutrition" business.
PepsiCo's plan to buy Wimm-Bill-Dann, Russia's largest dairy processor, is the company's first significant move in the dairy sector, a business the cola and crisps maker sees as central to its aim of growing sales of healthier food and drinks.
Wimm-Bill-Dann will take PepsiCo's "nutrition" sales from US$10bn a year to $13bn but the US group is targeting sales of $30bn by 2020, meaning more M&A activity is likely - how ever much CFO Hugh Johnston tries to play it down.
In the wake of the Wimm-Bill-Dann deal, PepsiCo was immediately touted as a possible runner in the race for global yoghurt brand Yoplait.
And, on Wall Street, some analysts were discussing whether PepsiCo could make a move for soy-milk brand Silk, owned by Dean Foods, the largest dairy processor in the US and a company that is facing questions over its balance sheet.
The identity of PepsiCo's next target is uncertain. What looks (almost) certain is that chairman and CEO Indra Nooyi will again reach for the chequebook to take PepsiCo to that 2020 sales target.
Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
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To follow on from our earlier notice and after some hard work from our technical team, just-food is back live after today's power outage....
Much of the UK has felt the impact of Storm Doris today - and just-food's head office has been no exception....
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