PepsiCo Bottler Varun Beverages To Acquire South Africa’s BevCo
PepsiCo Bottler Varun Beverages To Acquire South Africa’s BevCo. Varun Beverages has announced its intentions of acquiring South African company BevCo. Tge company made the announcement in an official statement on the National Stock Exchange of India.
The statement read, “The Board of Directors of the Company at their meeting held today inter-alia considered and approved to acquire 100% stake in the business conducted by The Beverage Company (Proprietary) Ltd, South Africa along-with its wholly-owned subsidiaries (hereinafter referred as ‘Bevco’) with an option to accept minority co-investment from large equity fund subject to regulatory and other approvals (if any) including but not limited to PepsiCo Inc. and Competition Commission South Africa,”
BevCo is engaged in the business of manufacturing and distribution of licensed (PepsiCo Inc.) / own-branded non-alcoholic beverages in South Africa. BevCo has franchise rights from PepsiCo Inc. in South Africa, Lesotho and Eswatini. Further, it also has distribution rights for Namibia and Botswana.
Varun Beverages Limited is a key player in beverage industry and one of the largest franchisee of PepsiCo in the world (outside USA). VBL has been associated with PepsiCo since the 1990s and have over two and half decades consolidated its business association with PepsiCo, increasing the number of licensed territories and sub-territories covered by the company, producing and distributing a wider range of PepsiCo beverages, introducing various SKUs in the portfolio, and expanding the distribution network.
The Beverage Company is South Africa’s leading independent manufacturer and distributor of carbonated soft drinks, energy drinks, mixers and still beverages. Established in 2018 following the merger of Little Green Beverages and SoftBev (Quality Beverages and Shoreline), the Beverage Company proudly produces many of South Africa’s most loved local hero and global champion drinks.
