By Micah Jonah, February 27, 2026
Champion Breweries Plc has announced the successful completion of its acquisition of the Bullet brand portfolio, marking a major milestone in the company’s ongoing strategic transformation.
The company confirmed that the transaction was finalized after securing all required regulatory approvals and executing the necessary closing documentation. A formal closing ceremony was held in Brussels to conclude the deal, officially bringing the Bullet brands into Champion’s portfolio.
Champion Breweries, a publicly listed company on the Nigerian Exchange with nearly five decades of operations, said the acquisition aligns with its ambition to build a diversified, high growth and globally competitive beverage business.
Under the deal, Champion takes over the Bullet portfolio, including Bullet Black, a leading ready to drink alcoholic beverage in Nigeria, and Bullet Blue, which ranks among the country’s top energy drink brands.
The company said the acquisition was driven by several strategic considerations, including strengthening its market leadership, expanding its pan African footprint, enhancing financial resilience and unlocking operational synergies.
According to the company, the Bullet portfolio operates in more than 14 African markets, offering immediate scale and a platform for further continental expansion. It added that Bullet’s foreign exchange denominated revenues are expected to improve Champion’s financial position and support long term value creation.
Champion also noted that the transaction is projected to create synergies across distribution networks, supply chains and product innovation initiatives.
Describing the move as transformative, the company expressed appreciation to its shareholders, regulators, advisers and strategic partners for their support in completing the acquisition.
With the Bullet portfolio now fully integrated, Champion reiterated its commitment to building a resilient, diversified and globally competitive beverage business.
