Varun Beverages Acquires Twizza for ₹1,118.7 Crore

#Update VARUN BEVERAGES LIMITED (VBL), PepsiCo’s largest franchise bottler, has announced plans to acquire 100 per cent of South Africa-based beverage company Twizza through its subsidiary, The Beverages Company Proprietary Limited (BevCo). Valued at ZAR 2,095 million and payable in cash, the acquisition is aimed at strengthening VBL’s manufacturing and distribution capabilities across Africa. Twizza operates three production facilities with a combined capacity of 100 million cases annually and offers backward-integrated manufacturing. The transaction, subject to regulatory approvals, is expected to be completed by June 30, 2026, after which Twizza will become a step-down subsidiary. The move builds on VBL’s recent acquisitions in South Africa, Tanzania and Ghana, reflecting its strategy to scale operations across emerging African beverage markets. Read the story: https://ow.ly/Teh150XN1aN Story by: Saptopriya G. #VarunBeverages #AfricanBusiness #TwizzaAcquisition #EmergingMarkets #PepsiCo #BusinessExpansion 

Big Move in Africa’s Beverage Market VARUN BEVERAGES LIMITED, the world’s largest franchise bottler of PepsiCo, has announced the 100% acquisition of South Africa-based beverage company Twizza (Pty) Ltd in a deal valued at ZAR 2,095 million (~₹9,000 crore). This strategic acquisition will be executed through VBL’s South African subsidiary BevCo, and marks another decisive step in strengthening the company’s footprint across the African continent. Why this matters 👇 🔹 Access to three manufacturing plants in Cape Town, Queenstown & Middelburg 🔹 Strong backward integration with preform and closure lines 🔹 Deeper penetration into the South African beverage market 🔹 Reinforces Africa as a key growth engine for Varun Beverages The deal, expected to close by June 30, 2026, follows VBL’s recent acquisitions in South Africa, Tanzania, and Ghana, and its growing snacks manufacturing presence in Morocco. With this move, VBL continues to execute a clear strategy: scale, local manufacturing, and long-term dominance in high-growth markets. Africa is no longer just an expansion market—it’s becoming a core pillar of global beverage growth. 🌍🥤 #VarunBeverages #PepsiCo #Twizza #AfricaExpansion #BeverageIndustry #FMCGNews #BusinessNews #GlobalExpansion #Manufacturing #MergersAndAcquisitions

VARUN BEVERAGES LIMITED, PepsiCo’s largest franchise bottler, on Sunday announced to completely acquire South Africa-based firm Twizza, through its its own local subsidiary there - The Beverages Company Proprietary Limited (Bevco). Twizza (Pty) Ltd is engaged in the business of manufacturing and distribution of own-branded non-alcoholic beverages. It operates through three manufacturing facilities at Cape Town, Queenstown, and Middelburg and has a combined annual production capacity of 100 mn cases. The acquisition is done on “Enterprise Value of ZAR 2,095 Million (₹1,118.7 crore)”, which will be “payable in cash”, said a regulatory filing from Varun Beveages Ltd (VBL). #varunbeverages #twizza #beverages #pepsico #corporatecurrent #acquisition #businessnews

VARUN BEVERAGES LIMITED, PepsiCo’s largest franchise bottler, on Sunday announced to completely acquire South Africa-based firm Twizza, through its its own local subsidiary there - The Beverages Company Proprietary Limited (Bevco). Twizza (Pty) Ltd is engaged in the business of manufacturing and distribution of own-branded non-alcoholic beverages. It operates through three manufacturing facilities at Cape Town, Queenstown, and Middelburg and has a combined annual production capacity of 100 mn cases. The acquisition is done on “Enterprise Value of ZAR 2,095 Million (₹1,118.7 crore)”, which will be “payable in cash”, said a regulatory filing from Varun Beveages Ltd (VBL). #varunbeverages #twizza #beverages #pepsico #corporatecurrent #acquisition #businessnews

Varun Beverages continues to rewrite the playbook for beverage distribution in Africa. The Twizza acquisition isn't just about more volume; it’s about strategic infrastructure and localized brand power.

KFC and Pizza Hut to operate under one franchisee as Devyani–Sapphire merger takes shape Read more : https://lnkd.in/dvyXq_PD Devyani International Limited #KFC #PizzaHut #DevyaniInternational #SapphireFoods #QSR #FoodIndustry #FranchiseMerger #BusinessGrowth Bijoya A Ghosh | Sudhir Nair | Sunil Pinto | Vaishnavi Yadav

Sapphire Foods and Devyani International, major franchisees of Yum! Brands in India, have approved a merger to form a leading QSR operator with over 3,000 stores. (Sankunni K reports) #SapphireFoods #DevyaniInternational https://lnkd.in/dQxsFKj6

𝐌𝐞𝐫𝐠𝐞𝐝 𝐞𝐧𝐭𝐢𝐭𝐲 𝐨𝐟 𝐒𝐚𝐩𝐩𝐡𝐢𝐫𝐞 𝐅𝐨𝐨𝐝𝐬, 𝐃𝐞𝐯𝐲𝐚𝐧𝐢 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐥𝐢𝐤𝐞𝐥𝐲 𝐭𝐨 𝐜𝐫𝐨𝐬𝐬 $1 𝐛𝐧 𝐚𝐧𝐧𝐮𝐚𝐥 𝐭𝐮𝐫𝐧𝐨𝐯𝐞𝐫: 𝐉𝐚𝐢𝐩𝐮𝐫𝐢𝐚 The merged entity of Sapphire Foods India Limited, the franchise operator of Yum! Brands restaurants, KFC and Pizza Hut, and Devyani International Limited (DIL) is likely to cross $1 billion annual turnover when the deal is consummated, said DIL Non-Executive Chairman Ravi Jaipuria.  🔗 𝐂𝐋𝐈𝐂𝐊 𝐇𝐄𝐑𝐄 𝐓𝐎 𝐊𝐍𝐎𝐖 𝐌𝐎𝐑𝐄... https://lnkd.in/gs25v6FX #KFC #PizzaHut #Merger #SapphireFoods #DevyaniInternational #FastFood #QSR #RetailIndustry #RetailGrowth #RetailUpdates #RetailSectorNews #BusinessNews #RetailBusiness #IR #IndiaRetailing

What the Varun Beverages–Twizza Acquisition Tells Us About Smart International Expansion Once again, I'm here to understand by explaining how acquisitions strategically create value for both the buyer and the seller, using the example of the recent news of Varun Beverages Ltd (VBL) acquiring a South African non-alcoholic beverages brand named Twizza. Let's talk some numbers first. VBL is set to acquire Twizza for approximately Rs. 1,119 crore. Twizza is a local, independent South African manufacturer and distributor of soft drinks, with three manufacturing plants and a vertically integrated supply chain network. Twizza’s turnover grew at around 4% annually between FY23 and FY25. How does VBL benefit? With this acquisition, VBL is expected to double its market share to 20% in these foreign markets. This growth expectation can be attributed to the fact that 14% of the beverage market in SA is comprised of energy drinks (compared to less than 10% in India), indicating a higher demand for this high-margin segment. Another prospect is PepsiCo products priced nearly 50% lower tha Coca-Cola products, which gives significant room for pricing opportunity as PepsiCo brings in a better portfolio of products. Besides this, Twizza’s vertically integrated chains allow Varun Beverages to enter SA through an existing platform instead of building from scratch, reducing regulatory and execution risks and speeding up scale. How does Twizza benefit? Twizza shareholders lock in an immediate monetary value for their private business. They are also transferring the competitive risk of competing with global giants like Coca-Cola to VBL, which is more experienced in bottling and can push supply at a higher pace. Commodity risk goes down with bulk procurement, and CAPEX risk also goes down because capital costs go significantly down as VBL is essentially debt-free and funds its capital requirements organically. Now, the capacity increases with only a little relative increment in fixed costs, meaning that fixed cost per bottle comes down, operating leverage rises, and unit economics improve. #acquisition #merger #VBL #finance #investment #pepsi #valuation #investment #CFA #valuationaspirant

The acquisition will be carried out through Varun Beverages’ South African subsidiary, The Beverages Company Proprietary Limited (BevCo), and involves the purchase of 100 per cent of Twizza’s share capital. Read more: https://lnkd.in/gz-7Tawx Annurag Batra | Noor Fathima Warsia | Tanvie Ahuja #VarunBeverages #Twizza #Acquisition