\n
Varun Beverages, an Indian multinational led by billionaire Ravi Jaipuria, has agreed to acquire PepsiCo\u2019s bottling operations in Ghana for $15.1 million.<\/p>\n
In a statement, the company said the deal forms part of a broader $169.6 million purchase covering operations in both Ghana and Tanzania and marks an expansion of Varun Beverages\u2019 footprint in Africa.<\/p>\n
The acquisition of SBC Beverages Ghana Limited (SBCG), which was finalised subject to regulatory approvals, will see Varun Beverages take full control of Pepsi\u2019s bottling and distribution network in Ghana.<\/p>\n
SBCG manufactures and sells the PepsiCo franchised brands: Pepsi, Pepsi Max, 7UP, 7UP FREE, Mirinda, Mountain Dew and Evervess. SBCG also manufactures and sells energy drinks under its own brand Cheetah.<\/p>\n
The company has one manufacturing facility located in Accra with two manufacturing lines.<\/p>\n
The company, which already operates in several African countries, including Morocco and Zambia, aims to bolster its position in the region by integrating SBCG\u2019s operations into its existing network.<\/p>\n
Varun Beverages is known for manufacturing and distributing Pepsi, 7Up, Mirinda, and Mountain Dew in India and several other countries.<\/p>\n
In Ghana, SBCG has a manufacturing facility in Accra and boasts a strong presence with key beverage products under PepsiCo\u2019s global brand umbrella.<\/p>\n
Alongside the Ghana deal, Varun Beverages has also secured the purchase of SBC Tanzania for $154.5 million, which will further cement its dominance in the East African beverage market. The company\u2019s expansion strategy includes establishing a solid base in Africa, where it has already made significant strides since the 1990s.<\/p>\n
Ravi Jaipuria, a tycoon with an estimated net worth of $16 billion, leads Varun Beverages, one of PepsiCo\u2019s largest global franchisees.<\/p>\n
The company has extended its influence into Nepal and Sri Lanka, with Jaipuria\u2019s conglomerate, RJ Corp, involved in sectors like fast food and healthcare, in addition to beverages.<\/p>\n
Mr. Jaipuria expressed enthusiasm about the deal, noting the vast potential for Varun Beverages to increase its operations across both Ghana and Tanzania, producing millions of cases of beverages annually.<\/p>\n
This acquisition aligns with the company\u2019s long-term plans to scale operations and continue its legacy of distributing iconic beverages globally.<\/p>\n
Graphic Business<\/strong><\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"Varun Beverages, an Indian multinational led by billionaire Ravi Jaipuria, has agreed to acquire PepsiCo\u2019s bottling operations in Ghana for $15.1 million. In a statement, the company said the deal forms part of a broader $169.6 million purchase covering operations in both Ghana and Tanzania and marks an expansion of Varun Beverages\u2019 footprint in Africa. […]<\/p>\n","protected":false},"author":1,"featured_media":250537,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-250536","post","type-post","status-publish","format-standard","has-post-thumbnail","category-top-news"],"yoast_head":"\n
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