Varun Beverages lines up another acquisition in South Africa [Yahoo! Finance]
PepsiCo, Inc. (PEP)
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Source: Yahoo! Finance
Varun Beverages is set to acquire South Africa's Crickley Dairy from Clark Holdings in a deal valued at R238m ($14.3m). In a regulatory filing, the India-based PepsiCo bottler said the deal, struck through its The Beverage Company subsidiary, was part of a plan to “diversify its product portfolio into new categories viz. value-added dairy and juice-based drinks”. Crickley Dairy was established in 1984 in South Africa's Eastern Cape by Ken Clark. It makes dairy products, including milk, cheese and yogurt, largely sold under the Crickley brand. Its range also includes soft drinks. According to Crickley Dairy's website, the company's products are sold at retailers in South Africa including Pick n Pay, Shoprite and Spar. Varun Beverages entered South Africa in December 2023 through its acquisition of The Beverage Company. The business holds the PepsiCo franchise for South Africa, Lesotho and Eswatini, along with additional distribution rights covering Namibia and Botswana. In D
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