Nigerian Breweries Plc (NB) has announced the acquisition of the remaining 20% shareholding in Distell Wines and Spirits Nigeria Limited (DWSN).
In a disclosure published on the Nigerian Exchange on March 19, 2024, and signed by company secretary Uaboi G. Agbebaku, the firm said the acquisition followed the execution of a sale and purchase agreement with the minority shareholders of DWSN: Ekulo International Limited and Next International Nigeria Limited, each holding a 10% stake.
The release also noted that DWSN has moved its production from rented premises to NB’s facilities, allowing it to enhance its market share in the wines, spirits, and ready-to-drink (RTD) categories.
Highlighting the advantages of the acquisition, Nigerian Breweries stated: “The full acquisition will help to reduce complexities and make decision-making faster in NB’s ambition to expand beyond beer.”
In June 2024, Nigerian Breweries announced its acquisition of an 80% stake in Distell Wines & Spirits Nigeria Limited and 100% of Heineken Beverages’ import business in Nigeria.
Following this transaction, DWSN became a subsidiary of Nigerian Breweries, which allowed the company to expand its operations to include the importation, marketing, and distribution of various wines, spirits, and cider products.
DWSN’s brands, produced and distributed in Nigeria under a license from Heineken Beverages, include the 4th Street wine range (red, rosé, white, sparkling, and non-alcoholic), as well as Chamdor, Hunters Dry, Savannah Dry and Gold.
The imported wines and spirits brands in the portfolio feature Drosty Hof, Nederburg, Amarula Cream Liqueur, Bain’s Whisky, and Scottish Leader Whisky.
With this recent acquisition, Nigerian Breweries now owns 100% of Distell Wines and Spirits Nigeria Limited, compared to the 80% stake it previously held.
