De Kuyper Royal Distillers, a producer and distributor of alcoholic beverages, completed the acquisition of Archers, the Peach Schnapps brand, from Diageo, a British multinational alcoholic beverages company. Financial terms were not disclosed. “We are committed to creating value for all our stakeholders through delivering consistent and efficient growth, including actively shaping our portfolio towards opportunities that will maximise growth over the long-term. We take a disciplined approach to capital allocation and this announcement continues our track-record of active portfolio management," John Kennedy, Diageo President of Europe.