PepsiCo Inc has bid to acquire Brazilian dairy company Fábrica de Produtos Alimentícios Vigor SA, according to reports published in two Brazilian newspapers on Wednesday.
Valor Econômico cited unnamed industry sources in reporting that U.S.-based PepsiCo had made two bids, the second of which was about 6 billion reais ($1.9 billion). It said the current owner, J&F Investimentos Ltda, had not agreed on the value of a deal.
J&F, which also owns meatpacker JBS SA and wood pulp producer Eldorado Brasil Celulose SA, has sought competing bids from other companies such as French Group Lactalis, the controlling owner of Parmalat (PLT.MI), according to Valor.
Newspaper O Estado de S. Paulo reported Mexico’s Grupo Lala SAB also had eyed the possible acquisition.
PepsiCo told Reuters in an email that it did not comment on rumors or speculation. Representatives for J&F, Lactalis and Lala did not immediately respond to requests for comment.
By Ana Mano
Source: Reuters
Danone has appointed Carla Hilhorst to the newly created position of senior vice president of research and innovation categories and zones, as the company looks to make science the heart of its business. Hilhorst, who brings over 30 years of experience in research and innovation, will report directly to Isabelle Esser, Danone’s chief research, innovation, quality and food safety officer.
The move, part of Pernod Ricard’s strategy to enhance its premiumisation efforts, will allow the company to focus more resources on its portfolio of premium international spirits and champagne brands that drive the growth of its business. This decision aligns with the company’s commitment to delivering sustainable value for shareholders, employees, clients and partners.
Schai – who is the current CEO of Swiss chocolate company Lindt & Sprüngli’s Australian operation – has previously worked with Aryzta from 2015-2018, where he served in roles including managing director for Asia Pacific and global strategic business lead (McDonald’s). The fast-food giant McDonald’s is one of Aryzta’s significant clients.
