News: PepsiCo Looks to Brazil
In 2006, the market segment moved R$1.97 billion (US$1 billion), representing 18.9% growth over the previous year, according to ACNielsen. In volume, the segment produced 117,300 tons in 2006, up from 113,800 in 2005.
In a communiqué, Michael White, CEO of PepsiCo International and vice-chairman of PepsiCo, said that the "acquisition is an example of PepsiCo's commitment to invest in Brazil."
From the October 8, 2007, Prepared Foods e-Flash