{"id":43698,"date":"2023-04-26T16:07:15","date_gmt":"2023-04-26T16:07:15","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/heinekens-acquisition-of-distell-and-namibia-breweries-brings-over-e1-billion-in-net-revenue-to-african-footprint"},"modified":"2023-04-26T16:48:08","modified_gmt":"2023-04-26T16:48:08","slug":"heinekens-acquisition-of-distell-and-namibia-breweries-brings-over-e1-billion-in-net-revenue-to-african-footprint","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/heinekens-acquisition-of-distell-and-namibia-breweries-brings-over-e1-billion-in-net-revenue-to-african-footprint","title":{"rendered":"HEINEKEN\u2019s acquisition of Distell and Namibia Breweries brings over \u20ac1 billion in net revenue to African footprint"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Namibia. <\/strong><\/span>HEINEKEN N.V. has announced the completion of its acquisition of Distell Group Holdings Limited and Namibia Breweries Limited to create a new HEINEKEN majority-owned business in Southern Africa. This new business is known as HEINEKEN Beverages, reflecting the company\u2019s multi-category portfolio and commitment to delivering high-quality beverages to consumers across the continent.<\/p>\n<p>The acquisition of these two entities will bring over 5,400 employees of Distell and Namibia Breweries into HEINEKEN, adding more than \u20ac1 billion in net revenue and \u20ac150 million in operating profit to HEINEKEN\u2019s African footprint. By combining the strengths of all three entities, the company can leverage its expertise and resources to foster growth, create jobs, and contribute to the overall economic development of the region.<\/p>\n<p>\u201cWe are delighted to welcome the talented employees of Distell and Namibia Breweries into HEINEKEN,\u201d said Dolf van den Brink, CEO and Chairman of the Executive Board. \u201cBy combining our strengths, we can foster growth and contribute to the overall economic development of the region.\u201d<\/p>\n<p>HEINEKEN Beverages will now move ahead with a significant public interest package, which includes an ambitious investment plan of more than \u20ac500m over five years, investing more than \u20ac250m towards the construction of a new brewery and maltery, establishing a \u20ac20m supplier development fund, and contributing \u20ac10m towards a localisation and growth fund in South Africa over five years. The company will also create an Innovation and Research &amp; Development hub for the region and implement a \u2018Tavern Transformation\u2019 programme, supporting around 1,000 tavern owners to become licensed, sustainable local enterprises over a five-year period.<\/p>\n<p>The agreement with the Competition Authorities in South Africa shows HEINEKEN\u2019s commitment to the South African economy, and the public interest package is a vote of confidence for the region. The investment plan and programmes will not only contribute to HEINEKEN Beverages\u2019 growth but also create job opportunities, support local businesses and drive economic development in the region. The Innovation and Research &amp; Development hub for the region will also support local innovation, creating a lasting impact on the communities in which it operates.<\/p>\n<p>HEINEKEN\u2019s acquisition of Distell and Namibia Breweries is a strategic move that will help HEINEKEN Beverages to capture significant growth opportunities in Southern Africa. With a multi-category portfolio and commitment to delivering high-quality beverages, HEINEKEN Beverages is well-positioned to drive growth and contribute to the overall economic development of the region.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/namibia\">Namibia<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Namibia. HEINEKEN N.V. has announced the completion of its acquisition of Distell Group Holdings Limited and Namibia Breweries Limited to create a new HEINEKEN majority-owned business in Southern Africa. This new business is known as HEINEKEN Beverages, reflecting the company\u2019s multi-category portfolio and commitment to delivering high-quality beverages to consumers across the continent. [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":43696,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,236,233],"class_list":["post-43698","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>HEINEKEN\u2019s acquisition of Distell and Namibia Breweries brings over \u20ac1 billion in net revenue to African footprint - Namibia<\/title>\n<meta name=\"description\" content=\"HEINEKEN N.V. has announced the completion of its acquisition of Distell Group Holdings Limited and Namibia Breweries Li ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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