Heineken To Acquire South Africa’s Distell For $2.5 BillionNovember 15, 2021
Dutch brewing giant Heineken is set to take control of South African drinks group Distell in a deal valued at approximately $2.5 billion. The move both increases Heineken’s presence in Africa and adds wine and spirits brands such as Amarula liqueur and Nederburg wines to its portfolio, as well as Scotch whiskies Bunnahabhain, Deanston, and Tobermory.
Under the terms of the agreement, which is expected to close by the end of next year, Distell will be restructured to create two separate businesses, one containing its cider, ready-to-drink beverages, and spirits and wine business and the other consisting of Distell’s remaining assets, including its Scotch whisky business which will be housed in a Distell subsidiary named Capevin. “It should be seen that we now start to buy spirits and wine companies all over the world,” Heineken CEO Dolf Van den Brink told Reuters.—Daniel MarstellerSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.