Sector News

HEINEKEN successfully completes acquisition of Distell and Namibia Breweries to create HEINEKEN Beverages

April 29, 2023
Food & Drink

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 includes[1]:

  • 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).


comments closed

Related News

June 3, 2023

Changing of the guard at consumer goods companies: New finance chiefs for Nestlé and Unilever

Food & Drink

After eight years with Nestlé, François-Xavier Roger, executive vice president and chief financial officer (CFO), has decided to leave the company to pursue new professional challenges, making way for finance boss Anna Manz. Meanwhile, Unilever announced that Graeme Pitkethly, CFO, will retire by the end of May 2024, and the hunt is on for his successor.

June 3, 2023

Bacardi appoints new director to board

Food & Drink

International spirits company Bacardi Limited has announced the appointment of Alicia Enciso to its board of directors. Enciso joins with more than 30 years of experience with multinational Fortune 100 Companies in the food and beverage sector with roles as general manager, president, chief marketing officer and e-business officer.

June 3, 2023

What’s bubbling in beverages? Novel sensations, sugar reduction, botanicals and bold colors drive innovation

Food & Drink

According to Innova Market Insights, when it comes to beverages, consumers are willing to pay more for what they value most, despite rising inflation. Additionally, consumers want brands that respond to their core values and have the benefits they seek, such as sustainability and functional ingredients.

How can we help you?

We're easy to reach