BEVERAGES: Pepsi Adds Fizz To Ceres
Recent Western Cape Business News
PIONEER Foods’ Ceres Beverage division is starting to see some fizz from its Pepsi venture.
Ceres performed well in the half-year to end February, increasing revenue 22% to R1.3 billion with operating profits lifting nearly 25% to R81 million.
While the Ceres export business scored from good volume growth and the weaker rand, there was encouraging double-digit growth in sales volumes from the Pepsi venture.
Perhaps buoyed by positive developments at Pepsi, Ceres has become even more adventurous and recently acquired Ceres Spring Water in order to enter the fast growing water category.
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