Varun Beverages, the India-based bottling partner for PepsiCo, has entered into a binding agreement to acquire a 100% stake in Twizza, a South African carbonated soft drinks manufacturer, for an enterprise value of 1.47 billion ZAR ($54.1 million). Twizza Beverages, a prominent player in the South African market, operates manufacturing facilities in Queenstown, Middelburg and Cape Town. The company specialises in the production and distribution of carbonated soft drinks (CSD), …
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Varun Beverages
Varun Beverages, PepsiCo’s bottling partner in India, has announced it has entered into an exclusive distribution agreement with Carlsberg for the distribution of alcoholic beverages in Africa, and to this end will establish a wholly owned subsidiary in Kenya. In a statement, Varun Beverages said: “We are incorporating a wholly-owned subsidiary in Kenya under Varun Beverages Limited to carry on the business of manufacturing, distribution and selling of beverages”. “In …
Varun Beverages, the PepsiCo bottler, has announced the investment of $48.2 million in its South African subsidiary BevCo. Varun Beverages finalised the acquisition of BevCo last year, and the company is now reportedly acquiring additional share capital of 2.42%. The decided to create two new production lines in Zimbabwe, one which is expected to produce 340 bottles of soft drinks per minute,and another projected to produce 400 bottles of water under the …
Varun Beverages (VBL), the Indian bottler for PepsiCo, has completed the acquisition of BevCo, a South African beverage company, following approval from the South African Competition Commission. The proposed acquisition was announced in December 2023, valuing BevCo at 1,320 crore INR ($16.4 million). BevCo is described as a leading independent manufacturer and distributor of licensed PepsiCo and own-brand non-alcoholic drinks. It is known for holding PepsiCo franchise rights in South …
Varun Beverages, the Indian soft drinks firm, is expanding production capacity in Africa with the inauguration of the second phase of its bottling plant in the Zimbabwean capital Harare, according to a report in Food Businesss Africa. The expanded plant, a franchise bottling operation for PepsiCo, now features three further production lines, in addition to the first PET line opened in 2018. Commenting on the investment, Varun Beverages chairman Ravi Jaipuria said: “The additional …
Varun Beverages, PepsiCo’s Indian bottling partner, is set to acquire PepsiCo’s company-owned bottling, sales and distribution operations in the south and west regions of India, according to a report in the Economic Times. Varun Beverages is already the franchise partner for PepsiCo’s bottling operations in the North and East, having acquired those divisions in 2014. The latest acquisition, the value of which is said to be between 24 and 27 billion INR ($340 and $380 …
Varun Beverages, PepsiCo’s bottling partner in India, has announced that construction has started on a new production facility in the northern state of Punjab. Located in the city of Pathankot, the new greenfield plant will add in-house production capacity for Tropicana fruit juices, Quaker Oats milk drinks and Gatorade energy drinks, according to a report in the Economic Times. The factory will reportedly be the first fully backward integrated facility …
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