Southcorp packaging sale to fuel US wine drive
In the latest article on the continuing trend of consolidation in the wine industry, Chris Brook-Carter looks at Southcorp's attempts to sell its packaging division, which, according to a new report by Salomon Smith Barney, may fuel acquisitions in the US. The name of Southcorp is inextricably linked to consolidation at the moment. Only last week the company was mentioned in the same breath as Diageo and Allied Domecq, with the two spirit giants looking to expand their drinks portfolios. However, with the appointment of Merrill Lynch to oversee the sale of the Australian company's packaging division, Southcorp's position as acquirer rather than acquired has taken on new meaning.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-drinks gives you the widest beverage market coverage.
Paid just-drinks members have unlimited access to all our exclusive content - including 14 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Olly Wehring, editor of just-drinks
- Scottish Independence and Scotch Whisky
- Whisk(e)y leads vodka in US, but for how long?
- Wine in the UK: Tell Us Something We Don't Know
- Irish whiskey eyes a slice of Scotch's global pie
- Comment - Heineken's 'No' Cuts SABMiller Options
- LIVE BLOG: Industry responds to Scotland 'No' vote
- Diageo ups Johnnie Walker Formula One presence
- William Grant opens Tullamore D.E.W. distillery
- Rabobank warns of "mountainous task" for Scotch
- A-B InBev shakes up Euro units, UK head steps down