GS Holdings Limited has announced that its wholly-owned subsidiary, Octopus Distribution Networks Pte. Ltd. (ODN), has entered into an agreement to acquire the distribution business of LHA Food & Beverages Pte. Ltd. This acquisition, valued at approximately $2.2 million (S$3 million), grants ODN exclusive rights to distribute five prominent beer brands, including Corona and Budweiser, within Singapore.
The agreement, finalised on 8 September 2025, allows ODN to distribute Corona and Budweiser, two of the top 11 global beer brands, alongside 11 Degree Premium Yanjing Beer and the trademarks for RÖSSL BIER and COMO BERE. This move is set to enhance ODN’s distribution capabilities, integrating upstream from wholesale to a broader customer base.
The acquisition includes not only the distribution rights but also existing customer databases, contracts, licences, permits, inventories, and relevant intellectual properties from LHA’s business. The final consideration will be adjusted based on the inventory value at the completion date.
This strategic acquisition aligns with ODN’s goal of developing proprietary brands, leveraging the RÖSSL BIER and COMO BERE trademarks. Currently, ODN manages over 1,500 products from 200 global brands. The transaction follows GS Holdings’ acquisition of ODN in May 2025 for $8.6 million (S$11.8 million), marking a significant step in expanding its distribution network across Singapore.
Loo Hee Guan, Executive Director and Acting CEO of GS Holdings, expressed enthusiasm about adding these leading beer brands to their portfolio, highlighting the company’s commitment to exploring further business opportunities and regional expansion.
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