Nigerian Breweries Plc (NB) has announced the full acquisition of the remaining 20% shareholding in Distell Wines and Spirits Nigeria Limited (DWSN).
The acquisition, disclosed on March 19, 2024, via the Nigerian Exchange, follows 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 announcement also highlighted that DWSN has moved its production operations from rented premises to Nigerian Breweries’ facilities, which will help enhance its market share in the wines, spirits, and ready-to-drink (RTD) categories. Nigerian Breweries emphasized that the full acquisition would simplify decision-making and support its strategy to expand beyond beer.
In June 2024, Nigerian Breweries had already acquired an 80% stake in Distell Wines & Spirits Nigeria Limited, along with 100% of Heineken Beverages’ import business in Nigeria. As a result of this transaction, DWSN became a subsidiary of Nigerian Breweries, allowing the company to expand its portfolio to include the importation, marketing, and distribution of a range of wines, spirits, and ciders.
DWSN’s portfolio includes popular brands like the 4th Street wine range (red, rosé, white, sparkling, and non-alcoholic), Chamdor, Hunters Dry, Savannah Dry, and Gold, as well as imported wines and spirits such as Drosty Hof, Nederburg, Amarula Cream Liqueur, Bain’s Whisky, and Scottish Leader Whisky.
With this latest acquisition, Nigerian Breweries now owns 100% of Distell Wines and Spirits Nigeria Limited, up from its previous 80% stake.
