Pepsico is making a push into Africa by buying South Africa's Pioneer Food group for $1.7bn (£1.4bn).
Pioneer owns well-known brands like Weet-Bix, Liqui-Fruit, Ceres, Sasko, Safari, Spekko, and White Star.
Ramon Laguarta, who took over as chief executive of Pepsico from Indra Nooyi in October, said: "“Pioneer Foods represents a differentiated opportunity for PepsiCo and allows us to immediately scale our business in Africa.
"Pioneer Foods forms an important part of our strategy to not only expand in South Africa, but further into sub-Saharan Africa as well.
Our businesses are highly complementary, and we look forward to working with the Pioneer Foods team to successfully build and implement a shared vision in the region."