Pioneer Foods To Buy Full Ownership Of Heinz Foods South Africa

Pioneer Foods will acquire 50.1% in joint venture from Heinz Foods SA, a unit of Kraft Heinz.

* Purchase will help grow business further;
* Pioneer Foods will enter into two-year agreement with Kraft Heinz to manufacture and distribute Heinz tomato ketchup products, HP & Lea Perrins products, among others. Source: Bloomberg