ODN entered an agreement with LHA Food & Beverages on Sept 8, for the acquisition of LHA’s distribution business. Under this, ODN has exclusive distribution rights for Corona and Budweiser beers in Singapore, excluding the duty free market.
GS Holdings’ wholly-owned subsidiary Octopus Distribution Networks (ODN) acquired the rights to five beer brands and their customers for about $3 million.
GS Holdings acquired ODN for $11.8 million last October, as part of the group’s efforts to expand its business beyond F&B operations, to distributions.
