GS Holdings has acquired an alcohol distributor Dyspatchr for $1.52 million. This marks the company's third acquisition of such a business in six months.
Dyspatchr, incorporated in 2017, distributes beer, wine and spirits to hotels, bars, restaurants and retailers in Singapore. Between 2019 and 2024, revenue increased by over 550%.
It carries more than 20 brands and products and owns the Singapore exclusive distributorships for some of them.
As part of the acquisition, the key management and founding team of Dyspatchr will remain in place for at least three more years.
In May, GS Holdings completed the acquisition of Octopus Distribution Networks and in September, it bought the distribution business of LHA Food & Beverages.
"Through our established routes to market, we aim to increase the reach of Dyspatchr’s products across Singapore while increasing our share of shelf space," says Paul Hopkins, group CEO of GS Holdings.
"Certain consumer segments today demand increasing variety and are more willing to experiment.
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Dyspatchr’s strengths in independent spirits activation, distribution and customisation will help us to better serve discerning consumers, drive brand activation and capture new growth opportunities across Singapore’s hospitality scene," he adds.
GS Holdings closed at 4.9 cents on Nov 3, up 11.36% for the day but down 2% year to date.
