© Jasper Juinen/Heineken
Heineken plans to buy control of South Africa’s Distell Group Holdings and Namibia Breweries to form a southern African drinks group worth €4 billion.
The Dutch brewer will pay €1.3 billion in cash and add its existing South African business, to secure at least 65% of the new group.
The takeover of Distell, the owner of liqueur brand Amarula and wine labels Nederburg and Two Oceans, will mark a move by Heineken into wine and spirits. Heineken plans to sell Distell’s British-based Scotch whiskies.
Dolf van den Brink, Heineken chief executive, said: “We are very excited to bring together three strong businesses to create a regional beverage champion, perfectly positioned to capture significant growth opportunities in southern Africa”.
Completion of the transaction is subject to customary regulatory and shareholder approvals.
This announcement comes after Heineken acquired United Breweries Limited in India and took full ownership of Brixton Brewery.
© FoodBev Media Ltd 2022
World Beverage Innovation Awards – NOW OPEN FOR ENTRIES!
The awards celebrate excellence and innovation across the global beverage industry.
Don’t miss out on having your innovations recognised on a global scale.
Deadline for entries 23 July – enter now!
Don’t get left behind
Start your free Foodbev magazine trial today and join thousands of fellow industry professionals in receiving food and drink trends direct to our business.
Click here to start your free trial