PepsiCo SA is selling its popular Marmite and Bovril brands in South Africa, along with the business unit that produces them, to a privately owned Canadian-based company called Lallemand.
Lallemand, which is pursuing the transaction through its South African affiliate Rymco, which owns Anchor Yeast, will acquire the two household brands along with PepsiCo's Savoury Food Ingredients business unit.
The transaction is expected to close in the fourth quarter of 2024 and is subject to approval from SA's competition authority.
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