The restructuring follows weaker food and beverage performance, a lowered earnings forecast and an ongoing efficiency drive aimed at restoring growth in PepsiCo’s largest market.
On a year-on-year basis, none of the 13 carriers improved their reliability.
The divestment follows a strategic review of Carlsberg’s Britvic assets, while the Brazilian buyer plans to build on the soft drinks business’s established brands and nationwide distribution network.
The country produced 125,028 tonnes in 2023/24, making it Africa’s fifth-largest avocado producer.
The team is also innovating solutions that can help balance the world’s growing water and energy demands, with products that support the production of electricity, lithium and green hydrogen.