Varun Beverages Subsidiary to Acquire South Africa's Crickley Dairy for Rs 131 Crore

Varun Beverages' South African subsidiary, Bevco, has agreed to acquire 100% equity of Crickley Dairy Proprietary Limited for approximately Rs 131.47 crore (ZAR 238 million), subject to regulatory approvals including South Africa's Competition Commission. This acquisition aligns with Varun Beverages' strategy to diversify into value-added dairy and juice-based drinks, expanding its product portfolio beyond traditional beverages. The deal follows previous acquisitions in South Africa, enhancing the company's presence in the region and supporting its global growth ambitions.