Diageo, Heineken International and Namibia Breweries Ltd. (NBL) announced a joint venture that combines beer, cider and ready-to-drink businesses in South Africa. The venture is called DHN Drinks Ltd. Diageo and Heineken will each own 42.25 percent and NBL will own 15.5 percent of DHN Drinks. Diageo and Heineken also entered into a joint venture with Supplyco, to construct a brewery and bottling plant in Gauteng province, South Africa.
“With Africa now Heineken’s fastest growing region, with the Heineken brand growing 70 percent in South Africa and Amstel very clearly still a favorite with South African consumers, there is no better time to invest in growth,” said Tom de Man, Heineken’s regional president Africa and Middle East.