Nigerian Breweries completes acquisition of Distell Nigeria

, has officially completed the acquisition of a majority stake of 80 per cent in Distell Wines and Spirits Nigeria Limited .

Managing Director, Nigerian Breweries Plc, Hans Essaadi, said the acquisition and subsequent commencement of business operations align with the strategic objective of the brewery company to expand its current product offerings beyond beer to include wines, spirits, and flavored alcoholic beverages. “We are excited to be a part of Nigerian Breweries, as we share in the solid track record of growth, including a highly engaged, dynamic, experienced, and diverse team. These changes will strengthen the organization’s manufacturing, marketing, and distribution capabilities while ensuring sustainable growth and maximum value creation for all stakeholders,” he said.

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