NEW ZEALAND: Montana/Corbans plans international growth
By Chris Snow | 20 September 2000
New Zealand's two largest wine companies are to merge following today's announcement that Montana Wines is to buy Corbans Wines from DB Group for $NZ151m plus $NZ3m of bank debt.A stronger export drive for the companies was immediately forecast by Montana's MD, Peter Hubscher."It gives us the critical mass to compete more effective internationally," Hubscher said.
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New Zealand's two largest wine companies are to merge following today's announcement that Montana Wines is to buy Corbans Wines from DB Group for $NZ151m plus $NZ3m of bank debt.A stronger export drive for the companies was immediately forecast by Montana's MD, Peter Hubscher."It gives us the critical mass to compete more effective internationally," Hubscher said.
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