Distell

Overview

Distell Group Limited

type	Public limited company
traded as	jse: DGH
foundation	December 4, 2000 through Merger
fate	Carved-out
successor	Heineken Beverages
location	Stellenbosch, South Africa
key people	Richard Rushton - CEO
industry	Brewing, Beverage
revenue	ZAR 17.7 Billion (2014)‡R1R‡ The shareholding as at 31 March 2014 is shown below:‡R2R‡
profit	ZAR 1.5 Billion
assets	ZAR 15.9 Billion (2014)
num employees	5,300 (2014)
homepage	www.distell.co.za
founder	William Charles Winshaw SFW's Founder Anton Rupert Distillers Corp's Founder
defunct	April 26, 2023
predecessor	Stellenbosch Farmers' Winery Distillers Corporation

Distell Group Limited, commonly referred to as Distell, was a multinational brewing and beverage company, based in South Africa. On April 26, 2023, Distell was acquired by Heineken.[3] After that, its operations were integrated into Heineken Beverages, a company created by the merger of its South African unit, Distell, and the African brewery acquired by the Dutch multinational Namibia Breweries.[4]

Overview

Distell Group Limited is a producer and marketer of spirits, fine wines, ciders and ready-to-drinks. The group's headquarters are in Stellenbosch, South Africa.[5]

History

Distell Group Limited traces its roots to two major alcoholic beverage companies in South Africa, Stellenbosch Farmers' Winery (SFW) and Distillers Corporation, that merged on 4 December 2000.

Merger

Stellenbosch Farmers' Winery

Stellenbosch Farmers Winery Group (SFW) the founder member of Distell Group was formed in 1925 by William Charles Winshaw, an American medical doctor.[6] As at the year 2000, SFW produced and distributed wine and spirits as well as non-alcoholic beverages through retail outlets South Africa and across the world.[7]

In 1956 Stellenbosch Farmers Winery Ltd was listed on the Johannesburg Stock Exchange.[8]

Distillers Corporation

Distillers Corporation was formed in 1945 by Anton Rupert. Distillers expanded energetically and very quickly set up marketing relationships and partnerships in the wine and spirits industry. The company became a major producer, focusing on distillates and in particular on the brandy market that it developed from relative obscurity to its current level of prominence. It is renowned for its Bergkelder concept, a marketing innovation that invited wine estates to make use of Distillers' bottling, sales and marketing. In addition, it created Amarula Cream, which is one of the top-selling cream liqueurs in the world.[6]

Distillers Corporation was also listed on the JSE.

Merger transaction

On 20 September 2000, Distillers' Corporation and Stellenbosch Farmers Winery directors announced the merger of the two firms. The merger was made possible because both firms had a similar shareholding structure i.e.[9] This structure allowed the merger not to have any diluting effect on the lead shareholders' effective interest in the merged entity.[10]

On 4 December 2000, the management announced the conclusion of the merger. The newly formed entity was known as Distell from the names of the two constituent companies.[11]

Distell Group's shares began trading on the Johannesburg Stock Exchange on 19 March 2001 under the symbol DST.[12]

Remgro-KWV Investments – 60% of Distillers' Corporation and a similar stake in SFW.

Stellenbosch Farmers' Winery

In 1956 Stellenbosch Farmers Winery Ltd was listed on the Johannesburg Stock Exchange.[8]

Distillers Corporation

Distillers Corporation was also listed on the JSE.

Merger transaction

On 4 December 2000, the management announced the conclusion of the merger. The newly formed entity was known as Distell from the names of the two constituent companies.[11]

Distell Group's shares began trading on the Johannesburg Stock Exchange on 19 March 2001 under the symbol DST.[12]

Remgro-KWV Investments – 60% of Distillers' Corporation and a similar stake in SFW.

Post merger

In April 2013 Distell bought Scotch whisky company Burn Stewart Distillers from CL Financial for £160m.[13]

Following its acquisition of SABMiller,[14] Anheuser-Busch InBev announced that it would sell its 26.4% acquired state in Distell Group to Public Investment Corporation.[15]

Announced acquisition

On 15 November 2021, Heineken announced a plan to buy Distell Group, in order to become the market-leading alcoholic beverage supplier in South Africa. The takeovers would be the first major deal for Heineken’s CEO and chairman of the executive board Dolf van den Brink, who took charge at Heineken in June 2020.[16] The acquisition was completed in 2023[17]

Distell

Overview

History

Merger

Stellenbosch Farmers' Winery

Distillers Corporation

Merger transaction

Stellenbosch Farmers' Winery

Distillers Corporation

Merger transaction

Post merger

Announced acquisition

Ownership

Brands

Spirit portfolio

Wine portfolio

Cider and ready to drink

See also

External links

References