PRESS RELEASE: International Brewing Limited –IBL– has completed the acquisition from Royal Unibrew of its stake in Saint Vincent Brewery Ltd., Antigua Brewery Ltd., Antigua PET Plant Ltd., and Dominica Brewery & Beverages Ltd. and started operating these companies, taking over the production and commercialization of its 30 products in the beer, malt, soft drinks and water categories.
International Brewing Limited is a subsidiary of Cervecería Nacional Dominicana –CND– (www.cnd.com.do), the largest brewery in the Antilles and Central America with sales of 3.8 million hectolitres. CND, the first brewery in the Dominican Republic, was founded over 80 years ago, and is the leader in the Dominican beer and malt market, with 89% and 62% share respectively.
CND has been Customer service leader in Dominican Republic since 1995. And has been awarded annually, since 2002, the “most admired beer manufacturing company” and one of the “most admired companies over all” in the Dominican Republic, second only to Grupo León Jimenes (www.glj.com.do), its parent company. CND is primarily recognized by the quality of its products and services and for its tradition of making significant contributions to society.
“Under the IBL holding we will be able to capitalize CND’s know how and benefit from the local operational practices and experience. 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” announced Franklin León, CEO of International Brewing Limited.
Along with the local management structure of the Companies, a management team based in Santo Domingo will lead the operations. That team is headed by Teodoro Hidalgo, as General Manager; Carolina Ruiz, Director of Finance & Information Technology, and Joanna Borrell, Commercial Director.
DOMINICA BREWERY AND BEVERAGES LTD.
Commenters: Am I missing something? The company is acquiring the stake from Royal Unibrew…which is based in DENMARK….soooooooo, it’s already been owned by foreigners, now it is just changing hands to another foreign company THAT IS ACTUALLY IN THE SAME REGION OF THE WORLD AS DOMINICA.
Bawi Boy, I have to agree with you. Remmeber when Dominica Coconut Products became part of the Colgate Palmolive conglomerate? We thought business was looking brighter with Colgate PAlmolive at the helm, instead what happened? They shut down half of the operations. Hmmmmmm!
So now can the Brewery start paying dividends?
Just as was said , companies are in business to make money,period!!!!!!!!!!!!!!!
How can they be eliminating the competition when they now own both products.
Companies are in business to do one thing, make money. If the Kubuli product is a money maker their would be no sensible business reasons to replace it. However, the reality is NOT EVERYBODY in Dominica drinks Kubuli. Introducing Presidente into the market is a chance to tap into the segment of the market that doesn’t drink Kubuli. Market segmenting is how companies maximize their share of the market by offering different products to appeal to different consumer desires and tastes.
This is a bad move, Dominica is a small market, they are going to close down the small factory, and centralize their production, then distribute it to the other island, and Dominica is the ideal place, we gut all the water they need.
@ Bawi Boy: you took it right out of my mind and my fingers. Talk about eliminating the competition.
I hope that we are not going to see Presidente beer replacing Kubuli.