M&A Deal Summary

Varun Beverages Acquires BevCo

On April 11, 2024, Varun Beverages acquired beverage company BevCo

Acquisition Highlights
  • This is Varun Beverages’ 1st transaction in the Beverages sector.
  • This is Varun Beverages’ 1st transaction in South Africa.

M&A Deal Summary

Date 2024-04-11
Target BevCo
Sector Beverages
Buyer(s) Varun Beverages
Deal Type Add-on Acquisition



Johannesburg, South Africa
BevCo is a beverage manufacturer and distributor with a portfolio of its own brands and energy drinks, as well as franchise rights from PepsiCo in South Africa, Lesotho, and Eswatini, and distribution rights for Namibia and Botswana. BevCo was formed in 2018 and is based in Johannesburg, South Africa.

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Buyer(S) 1


Varun Beverages

Gurgaon, India


Category Company
Sector Beverages
Revenue 156.2B INR (2023)

Varun Beverages is a beverage company serving PepsiCo beverages outside the U.S. with Million+ Outlets, 40 manufacturing facilities, and 6 countries. Varun Beverages is based in Gurgaon, India.

Overall 1 of 1
Sector (Beverages) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (South Africa) 1 of 1
Year (2024) 1 of 1