India's Largest Database on New Projects
RJ Corp vies for PepsiCo's Bhutan bottling plant
19 November 2010: RJ Corp, PepsiCo's bottler in India, intends to acquire PepeciCo’s bottling operations in Bhutan as a part of its expansion plan.
The company will need $100-million (approx Rs 450-crore) to fund acquisitions and expansion in India and overseas. Currently, the company is holding discussions with several private equity (PE) investors to fund the plan.
In early 2010, RJ Corp had bought franchisee bottling rights of PepsiCo from Ole Springs Bottlers in Sri Lanka.
RJ Corp already has dairy businesses in Uganda and Kenya for products such as milk, yogurt, cheese and butter.
Source: Economic Times