Skip to main content

Pioneer Foods to wholly acquire Heinz Foods SA

| Supplier news

Pioneer Food Group Limited is to acquire the remaining 50.1% from Heinz Foods SA Proprietary, making it a wholly owned subsidiary of Pioneer Foods.

The transaction is expected to close in the first quarter of 2018, pending regulatory approval. 

As part of the acquisition agreement, Pioneer Foods will enter a two-year agreement with Kraft Heinz in which Pioneer Foods will manufacture and distribute Heinz tomato ketchup products. Pioneer Foods will also distribute HP & Lea Perrins products and certain other Kraft Heinz products.

 

Pin It

Related Articles

By: Daily Investor  Ramokgopa referred to South African municipalities owing Eskom R78 billion, which is increasing at an alarming rate.
By: Se-Anne Rail - IOL Knorr is recalling its brown onion gravy sachets after manufacturers have discovered some packets may contain traces of cow’s milk and soy.
By: Bianke Neethling – Daily Investor Eskom has done a tremendous job of limiting unplanned outages and improving the performance of its coal fleet, which bodes well for load-shedding in South Africa going forward.
By: Shaun Jacobs – Daily Investor In June, the Constitutional Court ruled in favour of Coronation in its legal battle against SARS regarding the profits earned by its Irish-based subsidiary, Coronation Global Fund Managers (CGFM). 
By: Myles Illidge – My Broadband Eskom is cracking down on corruption surrounding its operations and service providers, and using new technologies and systems to minimise opportunities for criminal activity.