Varun Beverages's subsidiary Bevco to acquire South African firm Crickley Dairy for ₹131.47 crore
Varun Beverages said on Tuesday, March 17, that its South African subsidiary Bevco will acquire Crickley Dairy Proprietary. Crickley Dairy Proprietary will be acquired for ₹131.47 crore, as per the regulatory filing by the company.
Varun Beverages Ltd informed that the Beverage Company Proprietary Ltd (Bevco) “has executed an agreement dated March 17, 2026, for the acquisition of 100 per cent equity stake of Crickley Dairy Proprietary Ltd, which is incorporated in South Africa.”
It will acquire it from Clark Holdings Proprietary Ltd, the parent entity of Crickley Dairy Proprietary. It said that “Bevco will acquire 100% equity stake of Crickley for an Enterprise Value of ZAR 238 million (INR 1,314.68 mn; 1 ZAR = 5.52 INR).”
Varun Beverages said the acquisition of a 100% stake in Crickley by its subsidiary BevCo is aimed at diversifying its product portfolio into new categories such as value-added dairy and juice-based beverages.
This acquisition is in line with the company's strategy to diversify its product portfolio. However, the deal will be subject to regulatory and other approvals, including from the Competition Commissions of South Africa, VBL said.
Earlier in December, Varun Beverages, PepsiCo's largest franchise bottler, announced 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 subsidiaries 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.
What is Bevco?
BevCo is a subsidiary of the company, while Clark Holdings Proprietary Limited and Crickley have no affiliation with the promoter, promoter group, or group companies, Varun Beverages said.
Varun Beverages share price
On Tuesday, March 17, Varun Beverages traded - 0.25% lower at ₹406.50 as compared to its last closing price. Earlier, Varun Beverages was trading in the price range of ₹411.05 and ₹402.50.
Movement of this stock could be interesting to watch on Wednesday, March 18, after its announcement of acquiring Crickley Dairy for ₹131.47 crore.
VBL had in February declared its financial results for the quarter ending on December 31, 2025. As per the company filing, Varun Beverages posted a 33% year-on-year (YoY) rise in its consolidated net profit to ₹260 crore.
In revenue operations, VBL reported a strong performance rising 14% year-on-year to ₹4,204 crore.
(With agency inputs)
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