The Dominican Republic-based International Brewing Limited (IBL) has paid US$31 million to acquire three breweries and a water bottling plant in the English speaking Caribbean.
IBL has bought the shares of Royal Unibrew to take control of the production and commercialisation of 30 products in the beer, malt, soft drinks and water categories of the Saint Vincent Brewery Ltd., Antigua Brewery Ltd., Antigua PET Plant Ltd., and Dominica Brewery & Beverages Ltd.
IBL is a subsidiary of Cervecería Nacional Dominicana (CND), the largest brewery in the Antilles and Central America. It was was founded over 80 years ago, and is the leader in the Dominican beer and malt market, with 89 and 62 per cent share respectively.
“Under the IBL holding we will be able to capitalise CND’s know how and benefit from the local operational practices and experience,” said IPL’s chief executive officer, Franklin Leon.
“We value the leadership of these breweries, in their respective markets, and we have the clear goal of strengthening the business mainly through the development of its local brands as well as contributing with Presidente beer to the portfolio in the premium segment,” he added.
The new owners said that a management team based in Santo Domingo will assist the local management in running the affairs of the breweries.
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