Diageo PLC Diageo completes acquisition of Don Papa Rum (5829S)
March 10 2023 - 5:00AM
UK Regulatory
TIDMDGE
RNS Number : 5829S
Diageo PLC
10 March 2023
Diageo completes acquisition of Don Papa Rum
10 MARCH 2023: Further to the announcement on 17 January 2023,
Diageo today announces that it has completed the acquisition of Don
Papa Rum, a super-premium, dark rum from the Philippines.
This acquisition is in line with Diageo's strategy to acquire
high growth brands with attractive margins that support
premiumisation.
ENDS
About Diageo
Diageo is a global leader in beverage alcohol with an
outstanding collection of brands including Johnnie Walker, Crown
Royal and J B whiskies, Smirnoff, Cîroc and Ketel One vodkas,
Captain Morgan, Baileys, Don Julio, Tanqueray and Guinness.
Diageo is a global company whose products are sold in more than
180 countries around the world. The company is listed on both the
London Stock Exchange (DGE) and the New York Stock Exchange (DEO).
For more information about Diageo, our people, our brands, and
performance, visit us at www.diageo.com. Visit Diageo's global
responsible drinking resource, www.DRINKiQ.com, for information,
initiatives, and ways to share best practice.
About Don Papa Rum
Available in over 30 countries worldwide, Don Papa Rum is a
super-premium dark rum from the Philippines. Distilled and aged in
American oak barrels on the island of Negros Occidental (known
locally as 'Sugarlandia'), the pure, original Negros sugar cane is
the foundation for Don Papa Rum's long, rich-textured finish and
flavours of vanilla, honey, and candied fruits. The namesake of Don
Papa Rum is inspired by the unsung hero and mystic, Papa Isio, who
was one of the leading figures of the late 19th century Philippine
revolution. Initially a foreman at a sugar plantation, his
leadership and courage played a critical part in liberating the
island of Negros from Spanish rule. Don Papa is inspired by his
legend and captures his spirit and sense of magic in every
bottle.
For further information, please contact:
Diageo Global Press Office press@diageo.com +44 (0) 7803 856 200
Investor relations Investor.relations@diageo.com
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END
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