Indian billionaire Ravi Jaipuria’s Varun Beverages has completed the $125 million acquisition of South Africa’s Twizza, following all necessary regulatory approvals. The deal transfers control of Twizza’s manufacturing facilities and distribution network across Southern Africa to Varun, integrating the company into its African operations.
Twizza will now operate under BevCo, Varun’s South African subsidiary, and founder Ken Clark and his family no longer hold ownership. The acquisition was confirmed by South Africa’s Standard Bank, with the R2.1 billion transaction finalised after approvals in South Africa, Botswana, and Eswatini.
The deal, first announced in December 2025, was part of Varun Beverages’ strategy to expand in African markets, especially as growth in India has been affected by weather-related disruptions. Africa now plays a key role in the company’s international volumes, supporting revenue and margins.
Twizza’s facilities in Cape Town, Middelburg, and Komani, along with its established Southern African distribution network, will now operate under BevCo and integrate into Varun’s broader African footprint, which includes Morocco, Zambia, Zimbabwe, the Democratic Republic of Congo, and South Africa.
Founded in 2003 by Ken Clark, Twizza grew from a regional operation into a nationally recognised beverage company, producing carbonated drinks, energy drinks, and functional beverages, with exports to Lesotho, Eswatini, Botswana, and Namibia. In the financial year ending June 2025, Twizza reported revenue of R1.689 billion ($113 million) and sales of roughly 71 million cases.
Clark said that under BevCo, the company is well positioned to scale further, access new capabilities, and continue serving consumers with the same focus on affordable, quality products, while unlocking value for shareholders.
