News

SOUTH AFRICA: KWV jettisons Ceres Fruit Juices

Most popular

Will 2020 see Campari Group back on the M&A hunt?

What will shape consumer trends in 2020?

What's coming up in soft drinks in 2020?

just-drinks speaks to DISCUS CEO Chris Swonger

just-drinks speaks to DISCUS CEO Chris Swonger - 2

MORE

KWV Limited has sold its 25% share in Ceres Fruit Juices to the Pioneer food company, which now has a 100% interest in South Africa's biggest long-life fruit juice company.

KWV jettisoned the shares because Ceres fell outside its core business, it said.

Pioneer said it had considered taking complete control since it started acquiring blocks of Ceres shares in late 1999.

Neither company was willing to divulge what the settlement figure was. KWV MD, Dr Willem Barnard, said the funds received would be ploughed back into the core wine and spirits business.

Barnard said, however, that the company would be retaining and consolidating its grape juice concentrate business, moving all its equipment from its plants in Robertson and Vredendal to Upington.


Sectors: Soft drinks, Wine

Companies: KWV Ltd

Related Content

PepsiCo targets sub-Saharan Africa with Pioneer Foods takeover - Juice in South Africa data

PepsiCo targets sub-Saharan Africa with Pioneer Foods takeover - Juice in South Africa data...

Britvic hits make-or-break time for US Fruit Shoot - analysis

Britvic hits make-or-break time for US Fruit Shoot - analysis...

Focus – Pioneer Food’s KWV Takeover: What Synergies?

Focus – Pioneer Food’s KWV Takeover: What Synergies?...

Focus - Juices and Nectar Outlook to 2015

Focus - Juices and Nectar Outlook to 2015...

Oops! This article is copy protected.

Why can’t I copy the text on this page?

The ability to copy articles is specially reserved for people who are part of a group membership.

How do I become a group member?

To find out how you and your team can copy and share articles and save money as part of a group membership call Sean Clinton on
+44 (0)1527 573 736 or complete this form..



Forgot your password?