CANADA: Vincor makes Oz acquisition for $34m

By Chris Brook-Carter | 9 October 2002

The Canadian wine company Vincor International, announced today that it is to buy the privately owned Goundrey Wines in Australia for about C$54m (US$34m).   Calling the move "an important milestone in our international growth strategy to expand operations to all New World wine regions" Vincor president Donald Triggs said: "Australian wine is the fastest growing segment of the international wine market and Western Australian wineries, Goundrey in particular, continue to demonstrate the ability to produce and market large quantities of premium and super-premium branded wines."

just-drinks articles are only available to registered users and members.

Join now for increased access

There are various access options to choose from. All provide instant access to the latest news, insight and expert analysis.

If you’re already a member, login here.

The Canadian wine company Vincor International, announced today that it is to buy the privately owned Goundrey Wines in Australia for about C$54m (US$34m).   Calling the move "an important milestone in our international growth strategy to expand operations to all New World wine regions" Vincor president Donald Triggs said: "Australian wine is the fastest growing segment of the international wine market and Western Australian wineries, Goundrey in particular, continue to demonstrate the ability to produce and market large quantities of premium and super-premium branded wines."

  • Unlimited access to all the latest global beverage news and insight
  • Expert analysis that puts the news into context
  • Exclusive interviews with leading industry figures
  • Monthly management briefings with detailed analysis on hot topics
  • Personalised RSS feeds and email newsletters
  • 10-year archive of news, insight and intelligence
  • Discounts on just-drinks market research
  • Plus much more

If you’re already a member, login here

Not what you were looking for?

Search just-drinks:

More articles related to this one

FRANCE: Wine co-ops team up in New World assault
Seven French wine co-operatives have joined forces to create a brand to compete with its New World rivals.

US: New World Brands appoints CEO
US wine and spirits distributor New World Brands has appointed David Rudden as CEO.

CHILE: UBS initiates Concha y Toro coverage
UBS has begun its coverage of the Chilean wine producer Concha y Toro (VCO).

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page