Varun Beverages, an Indian worldwide led by billionaire Ravi Jaipuria, has acknowledge to acquire Pepsi’s bottling running in Ghana for $15.1 million.
In a declaration, the company said the distribute forms part of a broader $169.6 million buy covering distributes in both Ghana and Tanzania and marks an increase in size of Varun Beverages’ footprint in Africa.
The accession of SBC Beverages Ghana Limited (SBCG), which was complete subject to ordinance agreement, will see Varun Beverages take full control of Pepsi’s bottling and distribution network in Ghana.
SBCG manufactures and sells the Pepsi cola permission brands: Pepsi, Pepsi Max, 7UP, 7UP FREE, Evervess Mirinda and Mountain Dew. SBCG also distribute and sells energy drinks less than its own brand Cheetah.
The company has one produce facility located in Accra with two produce lines.
The company, which already makes go in several African countries, including Morocco and Zambia, point to fortify its position in the region by unite SBCG’s operations into its surviving network.
Varun Beverages is known for production and distributing Pepsi, 7Up, Mirinda, and Mountain Dew in India and several more countries.
In Ghana, SBCG has a build facility in Accra and boasts a strong presence with key beverage products under PepsiCo’s global brand support.
Beside the Ghana deal, Varun Beverages has also attach the acquire of SBC Tanzania for $154.5 million, which will more extreme connect its supremacy in the East African beverage market. The company’s growth master plan to embrace demonstrate a solid base in Africa, where it has already made serious strides from 1990s.
Ravi Jaipuria, a magnate with an estimated net worth of $16 billion, leads Varun Beverages, one of PepsiCo’s largest global permit.
The company has extended its control into Nepal and Sri Lanka, with Jaipuria’s combination, RJ Corp, associated in sectors like fast food and healthcare, in addition to beverages.
Mr. Jaipuria communicate it zeal about the deal, noting the vast prospective for Varun Beverages to growth its operations across both Ghana and Tanzania, producing millions of cases of beverages yearly.
Source:Mybrytfmonline.com
