Varun Beverages buys PepsiCo bottling operations in Ghana
Indian multinational company Varun Beverages, led by billionaire Ravi Jaipuria, has finalised an agreement to acquire PepsiCo’s bottling operations in Ghana for $15.1 million.
The acquisition involves SBC Beverages Ghana Limited (SBCG), granting Varun Beverages complete control over Pepsi’s bottling and distribution network in the country.
According to a report by Graphic.com.gh, this deal is part of a larger $169.6 million investment that includes operations in both Ghana and Tanzania, expanding Varun Beverages’ footprint in Africa.
SBCG currently manufactures and sells PepsiCo-franchised brands such as Pepsi, Pepsi Max, 7UP, 7UP Free, Mirinda, Mountain Dew, and Evervess, as well as its energy drink brand, Cheetah.
The company operates one manufacturing facility in Accra, which is equipped with two production lines.
In addition to the Ghana acquisition, Varun Beverages has purchased SBC Tanzania for $154.5 million, strengthening its presence in the East African market.
“The company’s expansion strategy includes establishing a solid base in Africa, where it has already made significant strides since the 1990s. Ravi Jaipuria, a tycoon with an estimated net worth of $16 billion, leads Varun Beverages, one of PepsiCo’s largest global franchisees,” the report added.
SSD/OGB
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