GS Holdings acquires Octopus Distribution Networks for S$11.8 million, expanding its beverage sector reach.
GS Holdings, a Singaporean F&B company, will acquire Octopus Distribution Networks for S$11.8 million. This acquisition enhances GS Holdings' access to a larger customer base and operational scale in the beverage sector. Founded by Dato' Elaine Teh, Octopus manages over 1,500 beverage products and offers distribution services. Teh will become a controlling shareholder of GS Holdings, which will also gain an experienced management team, promising significant growth opportunities.
October 28, 2024
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