What drove Varun Beverages arm Bevco to acquire South African Twizza for ₹1,118.7 crore?

Key Highlights

• As per reports, South African beverages brand Twizza manufactures and distributes its own branded non-alcoholic drinks through three manufacturing facilities in Cape Town, Middelburg and Queenstown.
• It has a combined annual production capacity of 100 million cases and for FY25 had a turnover of ₹ ₹9010.26 million (ZAR 1,689 million).
• One acquired, Twizza will become a step-down subsidiary of Bevco.
• VBL in the filing said that this acquisition “will enable Bevco to penetrate deeper in the South Africa market through Twizza's manufacturing facilities”.
• It added, “Twizza also has backward integration facilities at all plants with a total of 5 preform and 1 closure line.” Speaking to analysts during the earnings call in October, VBL Chairman Ravi Jaipuria said the “growth in Africa is coming back”, adding that South Africa in particular will become an important part of the company's expansion in the continent.