Varun Beverages Ltd. has completed the $125 million acquisition of South Africa’s Twizza, following all necessary regulatory approvals.
The deal gives Varun control of Twizza’s manufacturing facilities and distribution network across Southern Africa, integrating it into its African portfolio.
Varun, PepsiCo’s largest bottling partner outside the US, is focusing on African markets for growth as its Indian sales face weather-related challenges.
Twizza will now operate under BevCo, Varun’s South African subsidiary, and founder Ken Clark and his family no longer own the company.
The deal gives Varun control of Twizza’s manufacturing facilities and distribution network across Southern Africa, integrating it into its African portfolio.
Varun, PepsiCo’s largest bottling partner outside the US, is focusing on African markets for growth as its Indian sales face weather-related challenges.
Twizza will now operate under BevCo, Varun’s South African subsidiary, and founder Ken Clark and his family no longer own the company.
Varun Beverages Ltd. has completed the $125 million acquisition of South Africa’s Twizza, following all necessary regulatory approvals.
The deal gives Varun control of Twizza’s manufacturing facilities and distribution network across Southern Africa, integrating it into its African portfolio.
Varun, PepsiCo’s largest bottling partner outside the US, is focusing on African markets for growth as its Indian sales face weather-related challenges.
Twizza will now operate under BevCo, Varun’s South African subsidiary, and founder Ken Clark and his family no longer own the company.
