VARUN BEVERAGE STOCK IN THE NEWS AFTER COMPANY ACQUIRES SOUTH AFRICAN

The Beverage Company Proprietary Ltd (BEVCO), a subsidiary of

, has acquired a 100% stake in South African company Crickley Dairy Proprietary Ltd from it's parent company Clark Holdings Proprietary Ltd. This acquisition aligns with 's strategy to diversify it's product portfolio into new categories, including value-added dairy and juice-based drinks. is one of the largest franchisee of PepsiCo in the world and distributes a wide range of carbonated soft drinks, non-carbonated drinks as well as packaged water. The company has delivered good profit growth of 50% CAGR over last 5 years, and such new acquisitions, the company's profits are set to grow in the coming years.