US food giant Kraft Heinz is selling its 50.1% stake in its joint venture, Heinz Foods SA, to Bokomo cereals and Sasko bread maker Pioneer Foods for an undisclosed amount. Pioneer Foods has announced it will be acquiring full ownership of Heinz Foods South Africa, the joint venture (JV) it had with the global food […]
Israel-based Frutarom Industries has agreed to acquire Unique Flavors (Pty) Limited of South Africa for ZAR90m ($6.7m). The purchase deal includes a mechanism for future consideration depending on Unique’s future business performance. Frutarom will integrate the R&D, sales and marketing, purchasing, production and supply platforms. Unique’s management, led by the activity’s CEO, will be integrated […]
