Distell invests US$1.5m in waste water treatment and reuse to address shortage

SOUTH AFRICA - South Africa’s leading producer of spirits, fine wines, ciders and ready-to-drinks (RTDs), Distell has invested US$1.54 million in waste water treatment and re-use programmes to check on supply shortages experienced especially during drought seasons. Business Day reports that the move further mitigates against further water supply risks seen in the drought-hit Western…

Distell’s revenue grows 10.4% on higher volumes in the full year

SOUTH AFRICA - South Africa based multinational brewing and beverage company, Distell Group has managed strong EBITDA performance and revenue which rose 10.4% to US$1.69bn on 4.6% higher volumes despite a tough economic and competitor environment. EBITDA grew by 20.2% while normalised EBITDA, which excludes the impact of the impairments, the profit on sale of…

Distell re-lists on JSE, seeks new opportunities in China and Africa

SOUTH AFRICA - Distell, the South African brewer has been re-listed on Johannesburg Stock Exchange and the company is eying growth opportunities in China and the rest of Africa. The planned restructuring of its corporate structure involved suspension of Capevin, which holds a 29% stake in Distell from JSE on May 30 to form a…

Distell restructuring and merger with Capevin to be completed end-May

SOUTH AFRICA - Distell’s merger with Capevin and planned restructuring of its corporate structure is set to be completed at the end of May, reported BusinessDay citing information from analyst. A Sens announcement issued revealed that Capevin, which holds a 29% stake in Distell, will be suspended from JSE on May 30, and its shareholders…

Distell’s restructuring delayed as competition authority demands divestment

SOUTH AFRICA - Distell Group’s planned reorganisation of its control structure is set to delay after the Competition Commission made it clear that the approval was conditional on the Public Investment Corporation (PIC) selling 20% of the 26.8% it acquired in 2016 to a black economic empowerment (BEE) investor. The firm stand by the commission…

Distell eyes Africa to double its revenue and profit

SOUTH AFRICA - Liquor giant Distell, controlled by investment group Remgro, is still pursuing an ambitious target of doubling revenue and profit in five years as it targets the African markets. At the release of interim results, Distell CEO Richard Rushton said much of the growth impetus at top and bottom line would come from…

Campari Group buys premium cognac brand Bisquit from Distell

SOUTH AFRICA - Campari Group has agreed to buy Bisquit Dubouche et Cie (Bisquit) from South Africa’s Distell for € 52.5 million to enhance focus on core portfolio to further growth ambitions. The transaction involved acquisition of all the shares in Bisquit, as well as existing stock, maturing inventory, the trademarks as well as production…

Revenue growth muted in SA for brewing and beverage group Distell

SOUTH AFRICA - Multinational brewing and beverage group Distell on Friday said during the first three months of the new financial year ending June 2018, it recorded “muted revenue growth”, compared to the corresponding period in the previous year. The company said their South African operations recorded overall revenue growth in an environment of “near…