Varun Beverages Limited (VBL) announced its proposed acquisition of 100% share capital of Twizza Proprietary Limited, a South African beverage company, through its subsidiary The Beverages Company Proprietary Limited. This strategic move aims to expand VBL's presence in the African market. Twizza, founded in 2003, manufactures and distributes its own-branded non-alcoholic beverages, including carbonated soft drinks, energy drinks, functional drinks, and mixers. The company operates three manufacturing facilities in South Africa (Cape Town, Queenstown, and Middelburg) with a combined annual production capacity of approximately 100 million 8oz cases. In the financial year ending June 2025, Twizza reported sales volumes of 71 million cases and net revenue of ZAR 1,689 million (approximately ₹9,019 million). The proposed transaction values Twizza at an enterprise level of approximately ZAR 2,095 million (approximately ₹11,187 million). The acquisition is subject to regulatory approvals, including from the Competition Commissions of South Africa, Botswana, and Eswatini. VBL has uploaded a Board Presentation detailing the acquisition on its website.
