Varun Beverages Kenya entry: the Indian PepsiCo bottler is buying DFIL Kenya's dairy, juice and water business for $32 million, closing by August 1.
KENYA · BUSINESS
Key Facts
—The deal: VBL Industries (Kenya), a unit of Ravi Jaipuria’s Varun Beverages, is buying the value-added dairy, juice and packaged-water business of Devyani Food Industries (Kenya) for $32 million, about 3.05 billion rupees.
—The asset: A manufacturing plant in Nakuru on 52 acres along a national highway, with roughly 17,500 square metres of built-up space.
—The timeline: Completion is expected on or before August 1, 2026, subject to the agreement’s terms.
Beverage price wars loom as Indian billionaire acquires Kenyan firm for Sh4.8b
Indian billionaire Ravi Jaipuria joins Dangote and Dewji with $32 million investment in a 52-acre beverage plant in East Africa
India aided international biz’s organic revenue growth in snacks, beverages in Q2 : PepsiCo
Milky Mist said to launch $213 million India IPO this month
Kenya, East Africa’s largest economy, is witnessing a wave of billionaire-backed investments as some of the continent’s and…
Indian billionaire Ravi Jaipuria is doubling down on Africa’s fast-growing consumer market after his beverage giant Varun…
VBL's international volumes grew significantly, nearly tripling India's pace during the June quarter. Acquisitions like Twizza…
