HEINEKEN successfully completes acquisition of Distell and Namibia Breweries to create HEINEKEN Beverages
April 26 2023 - 2:00AM
HEINEKEN successfully completes acquisition of Distell and Namibia
Breweries to create HEINEKEN Beverages
Amsterdam, 26
April 2023 - HEINEKEN N.V. ('HEINEKEN') (EURONEXT:
HEIA; OTCQX: HEINY) has announced the completion of its acquisition
of Distell Group Holdings Limited (‘Distell’) and Namibia Breweries
Limited (‘NBL’), which have been combined with HEINEKEN South
Africa into a new HEINEKEN majority-owned business to capture
significant growth opportunities in Southern Africa.
The combined businesses will be known as
‘HEINEKEN Beverages’ – the rebranding reflects the new company’s
multi-category portfolio and commitment to deliver high-quality
beverages to consumers across the continent.
HEINEKEN’s CEO and Chairman of the Executive
Board Dolf van den Brink said: “We are delighted to welcome over
5,400 talented employees of Distell and Namibia Breweries into
HEINEKEN and look forward to adding more than €1 billion in net
revenue and €150 million operating profit to our African footprint.
By combining the strengths of all three entities, we can leverage
our expertise and resources to foster growth, create jobs, and
contribute to the overall economic development of the region.”
Following agreement with the Competition
Authorities in South Africa, HEINEKEN Beverages will now move ahead
with a significant public interest package which is a vote of
confidence in the South African economy, and includes1:
- An ambitious investment plan of
more than €500m over five years.
- Investing more than €250m towards
the construction of a new brewery and maltery.
- Establishing a €20m supplier
development fund and contributing €10m towards a localisation and
growth fund in South Africa over five years.
- Creating an Innovation and Research
& Development (R&D) hub for the region.
- Implementing a ‘Tavern
Transformation’ programme which will support around 1,000 tavern
owners to become licensed, sustainable local enterprises over a
five-year period.
For additional information on the transaction
please refer to our HEINEKEN website (Distell deal).
-ENDS-
Press enquiriesSarah Backhouse / Michael
FuchsE-mail:
pressoffice@heineken.comTel: +31-20-5239-355
Investor and analyst enquiriesFederico Castillo
Martinez / Mark Matthews / Chris SteynE-mail:
investors@heineken.comTel: +31-20-5239-590
About HEINEKEN
HEINEKEN is the world's most international brewer. It is the
leading developer and marketer of premium and non-alcoholic beer
and cider brands. Led by the Heineken® brand, the Group has a
portfolio of more than 300 international, regional, local and
specialty beers and ciders. With HEINEKEN’s over 85,000 employees,
we brew the joy of true togetherness to inspire a better world. Our
dream is to shape the future of beer and beyond to win the hearts
of consumers. We are committed to innovation, long-term brand
investment, disciplined sales execution and focused cost
management. Through "Brew a Better World", sustainability is
embedded in the business. HEINEKEN has a well-balanced geographic
footprint with leadership positions in both developed and
developing markets. We operate breweries, malteries, cider plants
and other production facilities in more than 70 countries. Most
recent information is available on our Company's website and follow
us on LinkedIn, Twitter and Instagram.
About Distell
Distell is Africa’s leading producer of spirits, wines, ciders
and ready-to-drinks (RTDs) as well as the world's second-biggest
producer of ciders. Some of the company’s top brands include
Amarula, Hunter’s, Savanna, 4th Street, Klipdrift, Nederburg,
Richelieu, Viceroy, and J.C. Le Roux. Distell employs 4500 people
worldwide.
About Namibia Breweries Limited
Established on 29 October 1920, NBL is one of the leading
beverage manufacturing companies in Namibia and indeed in Southern
Africa. Based in Windhoek, and employing more than 800 people, NBL
leads the domestic beer market in Namibia and has significant share
of the premium beer category in Southern Africa. Its portfolio
includes a range of soft beverages, as well as low and
non-alcoholic products. NBL’s beer brands are brewed in strict
accordance with the Reinheitsgebot “Purity Law” - which only uses
three ingredients: malted barley, hops and water. It’s brands
Windhoek Lager, Tafel Lager and Windhoek Draught have earned
international recognition for quality and purity. NBL’s products
are exported to 19 countries outside of Namibia and South
Africa.
1 All figures translated into € at today’s current EUR/ZAR
rate
- Press release HEINEKEN to successfully complete acquisition of
Distell and NBL (26_04_2023)
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