Desnoes & Geddes

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Desnoes & Geddes Limited
Public (JSE: DG)
IndustryBeverages
Founded1918
HeadquartersKingston, Jamaica
Key people
Richard Byles Chairman
ProductsBeers, lagers, malt beverages
RevenueJMD 9.13 billion ($148 million) (2005)
Number of employees
750 (2007)
Websitewww.redstripebeer.com

Desnoes and Geddes Limited (D&G) is a Jamaican brewer and beverage producer. It was formed in 1918 by Eugene Peter Desnoes and Thomas Hargreaves Geddes, who combined their two shops into one business.[1]

Products[edit]

D&G produces one of Jamaica's best-known exports, Red Stripe beer, and also exports Old Jamaica Ginger Beer. It brews other malt beverages for the local market under the brand names Red Stripe Light, Dragon Stout, Malta (nonalcoholic), Smirnoff Ice, Guinness, and Heineken.

Dragon Stout[edit]

Dragon was introduced in 1920.[2] Its brewing process utilises a Grade A two-row European malt, caramel, roasted malt and dark brown sugar.[3]

Ownership[edit]

Only a small portion of D&G's shares are publicly traded. From 1993 until autumn 2015, Guinness and Smirnoff owner Diageo owned a controlling stake in the company. In October 2015, Dutch brewer Heineken acquired Diageo's stake taking its stake to 73.3%. It stated it would launch a full bid for the shares it did not own.[4]

D&G also made soft drinks, including the popular Ting, but sold that division to PepsiCo in 1999.[citation needed]

References[edit]

  1. ^ http://www.oldjamaicagingerbeer.com/contact_dg.htm
  2. ^ https://web.archive.org/web/20090930063636/http://www.dragonstout.co.uk/Brewery.aspx. Archived from the original on September 30, 2009. Retrieved July 14, 2012. Missing or empty |title= (help)
  3. ^ https://web.archive.org/web/20090930063636/http://www.dragonstout.co.uk/Brewery.aspx. Archived from the original on September 30, 2009. Retrieved July 14, 2012. Missing or empty |title= (help)
  4. ^ https://www.bloomberg.com/news/articles/2015-10-07/heineken-buys-brewing-stakes-from-diageo-for-781-million