Varun Beverages secures 10-year PepsiCo deal, as revenue hits $2.4 billion in Africa
Varun Beverages, which recently commissioned a $20 million snack manufacturing plant in Zimbabwe, is doubling down on Africa’s fast-growing consumer market after signing a fresh 10-year extension of its bottling agreement with PepsiCo following $2.4 billion in annual revenue and a rapid expansion across seven African countries.
Varun Beverages buys iconic SA company for R2.1 billion
Varun Beverages Limited is the parent company of Varun Beverages Zimbabwe, a major PepsiCo franchisee manufacturing and distributing soft drinks and snacks – Pepsi, Mirinda, 7Up, Sting, Lay’s and Doritos – in Zimbabwe.