Pioneer Food Group

2020 – The year in food industry M&A

22 Dec 2020

Andy Coyne looks at significant transactions and emerging themes in merger, acquisition and investment activity in the global food sector during a year like no other.

PepsiCo/Pioneer Food deal clears final competition hurdle

18 Mar 2020

The UK competition authority has taken a decision on whether US food and beverage giant PepsiCo's acquisition of South Africa's Pioneer Food Group can proceed.

PepsiCo secures South Africa competition backing for Pioneer takeover

9 Mar 2020

South Africa's top competition body has ruled on PepsiCo's US$1.7bn takeover of local food and drinks business Pioneer Foods Group.

PepsiCo-Pioneer Foods deal clears one competition hurdle

12 Feb 2020

The proposed takeover of Pioneer Foods by US food and beverage giant PepsiCo has been ruled on by the competition watchdog in the South African company's home market.

New products - UK baby food brand Piccolo moves into infant formula; Unilever launches vegan stock pots under Knorr brand; UK's Signature Flatbreads launches Brioche Style Wraps

7 Feb 2020

This week's batch of new products includes a nut mix range from Intersnack-owned UK crisps brand Tyrrells and Lizi's branching out into muesli.

PepsiCo's proposed deal for Pioneer Foods under competition review

30 Jan 2020

Competition authorities in the UK are investigating PepsiCo's proposed purchase of South Africa-based food and beverages business Pioneer Foods Group.

2019 - The year in food industry M&A

11 Dec 2019

Andy Coyne looks at significant transactions and emerging themes in merger, acquisition and investment activity in the global food sector during 2019.

Global food industry M&A in Q3 markedly up on previous quarter 

28 Nov 2019

Global food industry M&A deals totalled US$10.28bn in Q3, 2019, a significant increase on Q2's figure, it has been revealed.

PepsiCo's Pioneer-led Africa push may face challenges

22 Jul 2019

Andy Coyne looks at PepsiCo's plans in sub-Saharan Africa after the US giant announced it is to buy South Africa's Pioneer Foods Group.

PepsiCo moves to buy South Africa's Pioneer Foods Group

19 Jul 2019

PepsiCo has swooped to buy a South Africa-based food and drinks manufacturer with a bid worth around US$1.7bn, the US giant has announced.

New Products - Nomad Foods takes Birds Eye into meat-free with Green Cuisine; Unilever unveils dairy-free Breyers ice cream; Nestle-owned Sweet Earth plans meatless burger; Arla launches fruit & kernels skyr in Germany

21 Mar 2019

This week's batch of new products includes Nomad Foods taking its Birds Eye brand into the UK meat-free market and Bubs Australia entering a new category.

New Products: Hormel Foods unveils Skippy P.B. Fruit Bites; Kind makes sports nutrition debut with protein bars launch; Pioneer Food Group's Lizi's moves into breakfast drinks; Chobani targets savoury with squeezy Greek yogurt product

9 Aug 2018

just-food publishes the most notable product development from the international food sector, presented in bitesize format to give you a flavour of the innovation from your peers and competitors announced this week.

South Africa's Pioneer Foods gets approval for Heinz SA merger, with conditions

26 Apr 2018

South Africa's Competition Commission has recommended Pioneer Foods' acquisition of a majority stake in Heinz Foods South Africa be approved with conditions.

Earnings summary - Lotus Bakeries posts "record'' 2017; Pioneer Food turnover drops on commodity prices; Fraser and Neave dairy gains crimped by drinks; Savencia FY sales up on higher prices

9 Feb 2018

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

South Africa's Pioneer Food Group adds brands in UK growth push - interview

3 Jan 2018

South Africa’s Pioneer Food Group last month moved again to expand its business in the UK, snapping up Lizi's granola owner The Good Carb Food Company. The deal was the first since Pioneer renamed its UK arm in September and announced "ambitious expansion plans" for the market. just-food’s Simon Harvey spoke with Jonathon Thorn, the chief executive of Pioneer’s UK unit, about the company’s plans in the country.

Earnings summary - Conagra Brands sees income rise; General Mills revises full-year guidance

21 Dec 2017

just-food presents the key metrics from company financials in bitesize format, with analyst insight and social media comment alongside graphs illustrating a business' historical performance to give you an easy-to-read digest of the numbers you need to know.

South Africa's Pioneer buys Lizi's granola owner The Good Carb Food Company

13 Dec 2017

South Africa's Pioneer Food Group has made another acquisition in the UK, snapping up The Good Carb Food Company, which owns granola brand Lizi's.

Pioneer Food Group CEO Phil Roux to be replaced by Tertius Carstens

4 Sep 2017

Phil Roux, the chief executive of South Africa’s Pioneer Food Group has announced his retirement.

Pioneer Food Group confirms tumble in H1 earnings

22 May 2017

Pioneer Food Group has confirmed its profits slumped during the first half of its financial year, with the South Africa-based business citing pressure from maize costs.

Pioneer Food Group revises H1 profit warning

4 May 2017

Pioneer Food Group, the South Africa-based food and drinks group, has warned its half-year earnings could fall by more than it previously estimated.

Pioneer Food Group says Zeder deal talks called off

21 Apr 2017

Talks between South Africa's Pioneer Food Group about an unspecified deal with local agribusiness investment firm - and minority shareholder - Zeder Investments have been broken off.

Pioneer Food Group confirms talks over "material transaction"

7 Mar 2017

South Africa's Pioneer Food Group told shareholders today (7 March) it is in talks about a "material transaction" which, if implemented, "may have an effect on the share price of the company".

Pioneer Food Group forecasts drop in H1 earnings

22 Feb 2017

South African food and drink maker Pioneer Food Group expects its earnings per share for the first half of its financial year to be up to 55% lower than a year earlier.

Pioneer Food Group expects "year of two halves"

16 Feb 2017

South Africa's Pioneer Food Group has revealed pressure on sales volumes "in a number of categories" but forecast an improved performance in the second half of its financial year.

"Resilient" Pioneer Food Group posts "credible" FY results

23 Nov 2016

Pioneer Food Group, the South Africa-based cereal-to-fruit snacks business, has reported higher annual sales and profits.

Pioneer Food Group buys into Weetabix east Africa unit

16 Nov 2016

South Africa's Pioneer Food Group has acquired a 49% stake in the east African business of UK breakfast cereal group Weetabix.

Pioneer Food Group CFO Cindy Hess resigns

4 Oct 2016

Cindy Hess, the CFO of South Africa's Pioneer Food Group, has resigned and will leave the business at the end of October.

Pioneer Food Group buys UK snack maker Stream Foods

3 Aug 2016

South Africa's Pioneer Food Group has struck a deal to buy Stream Foods, the UK producer of the children's snacking brand Fruit Bowl, from local business Wellness Foods.

Pioneer Foods lifted by mix improvement

23 May 2016

Pioneer Foods, the South African food maker, booked "positive results" for the first six months of its financial year, with sales and earnings rising.

Pioneer Food Group warns on South Africa outlook 

12 Feb 2016

South Africa's Pioneer Food Group has warned of deteriorating conditions facing food makers in the country.