New Delhi, March 17 Varun Beverages announced on Tuesday that its South African subsidiary, Bevco, will acquire Crickley Dairy Proprietary for Rs 131.47 crore.
The Beverage Company Proprietary Ltd (Bevco) "has executed an agreement dated March 17, 2026, for the acquisition of a 100 per cent equity stake in Crickley Dairy Proprietary Ltd, which is incorporated in South Africa," according to a regulatory filing by Varun Beverages Ltd (VBL).
It will acquire it from Clark Holdings Proprietary Ltd, the parent company of Crickley Dairy Proprietary.
This acquisition aligns with the company's strategy to diversify its product portfolio into new categories, such as value-added dairy and juice-based drinks.
However, the deal is subject to regulatory and other approvals, including from the Competition Commission of South Africa, VBL said.
Earlier in December, Varun Beverages, PepsiCo's largest franchise bottler, announced that it would completely acquire South Africa-based firm Twizza through Bevco.
In March 2024, VBL acquired The Beverage Company, South Africa, along with its wholly-owned subsidiary, BevCo.
This acquisition allowed the company to consolidate its presence in franchised territories in South Africa, Lesotho, and Eswatini, as well as territories with distribution rights in Namibia, Botswana, Mozambique, and Madagascar.