Staff Writer
Delta Corporation’s subsidiary — Delta Beverages — has acquired the Mutare Bottling Company following the recent completion of the transaction by the Zimbabwe Competition and Tariff Commission.
This means that the Coca-Cola Company has extended its sparkling beverages franchise arrangements to cover Manicaland province.
“This cements the agreement between Delta and Mutare Bottling Company who were operating in this franchise territory, for Delta to purchase the assets of Mutare Bottling Company.
“This transaction provides an opportunity for the Group to provide its range of products across the entire Zimbabwe market. Our customers and consumers in Manicaland will have access to the wide range of The Coca-Cola Company’s brands and packs. This also allows the optimal utilization of the existing assets, including the Mutare bottling plant, and the distribution footprint,” she said.
“The transaction will not result in any job losses. The transaction has received requisite regulatory approvals,” Patricia Murambinda, the Delta Corporation, Corporate Affairs said.
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