ECONOMYNEXT – Distilleries Company of Sri Lanka
ECONOMYNEXT – The island’s market leading hard alcohol firm said it was buying the Heineken unit in Sri Lanka, making a move into the beer business.
Public listed Distilleries Company said it will buy all the stock in HEINEKEN Lanka Limited and the license to produce Heineken, Tiger and Anchor branded beer.
Distilleries said its own expertise in production and distribution of liquor and the brewing and marketing expertise of HEINEKEN will be combined to “delivery quality beer at scale, providing more choice” to the Sri Lanka customers.
Distilleries Company shares closed up 2 rupees at 27 on Friday. (Colombo/Nov17/2023)