Netherlands: Heineken to create an African drinks group
Multinational brewer Heineken has announced its plans to acquire Distell Group Holdings and Namibia Breweries to form a southern African drinks group worth €4 billion ($4.6 billion). The acquisition of Distell will be a push into wine and spirits for Heineken, with liqueur brand Amarula and wines labels Nederburg and Two Oceans. “We are very […]
South Africa: Distell sells wine farms and brands
South African wine and spirits group Distell has announced the sale of wine farms and brands with the aim of doubling revenue and profits by 2021. According to Supermarket & Retailer, Distell CEO Richard Rushton said that the company had already sold the La Bonheur and Stellenzicht wine farms and respective brands, which were part […]
South Africa: Distell acquires stake in Cruz Vodka
South African wine and spirits group Distell has announced a partnership with the Cruz Vodka business worldwide, purchasing a 75% stake in the brand from Blue Sky Brand Company (BSBC). Financial terms were not disclosed. Commenting on the investment, Distell said: “The transaction strengthens Distell’s portfolio in the premium vodka category, one of the fastest […]
South Africa: PIC to buy AB InBev’s stake in Distell
South African investment fund Public Investment Corporation (PIC) has agreed to purchase world leading brewer AB InBev’s entire indirect stake in alcoholic drinks firm Distell. The stake comprises 58,000,000 shares or 26.4% of the company, which would go to PIC for an undisclosed amount. The sale of the stake was a condition of regulatory approval […]
South Africa: Distell launches country’s first tequila-flavoured cider
Distell, the leading producer and marketer of spirits, wines and ciders in South Africa, has extended its flagship brand Savanna for the launch of a new tequila flavoured cider under the brand name Savanna Loco. Supported by the strapline: “Savanna Loco. Add a leeedle crazy!”, the 6% abv drink is said to feature the crisp […]