Evans & Tate Wine Group

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AUSTRALIA: Evans & Tate to sell off surplus assets

8 Oct 2002

Following its merger with Cranswick Premium Wines, Evans & Tate, has announced it plans to sell off surplus assets owned by Cranswick, including two aeroplanes, in a move aimed at improving the returns on the merger.

AUSTRALIA: Evans & Tate plans asset sale

1 Oct 2002

Evans & Tate is planning to sell surplus assets across its business once it has completed its merger with Cranswick Premium Wines, according to quotes from Franklin Tate chief executive of the group.  "Assets that are not going to be required will be quickly removed from the balance sheet," he said.

AUSTRALIA: Cranswick/Evans & Tate merger terms revised

27 Sep 2002

The Australian wine companies, Evans & Tate and Cranswick Premium Wines Ltd, announced on Friday that the merger between the two companies will be going ahead but under revised terms.

AUSTRALIA: Vincor on hunt for acquisitions

24 Sep 2002

Press reports have suggested that the Canadian-based wine group, Vincor International, is on the hunt for acquisitions in Australia's Margaret Valley region.

AUSTRALIA: Cranswick confirms $23m loss

10 Sep 2002

Following its statement last week that it was set to report a A$23m loss, Cranswick Premium Wines Ltd duly posted a net loss for the 2002 fiscal year of A$23.4m, against a net profit of $3.02m for the previous year. However, the company said that it had begun the 2002/2003 fiscal year with strong sales.

AUSTRALIA: Cranswick profit warning puts Evans&Tate merger in doubt

4 Sep 2002

The proposed merger of Cranswick Premium Wines and Evans & Tate is under threat after Cranswick issued a loss warning.

AUSTRALIA: Cranswick/Evans & Tate deal on track

9 Aug 2002

The proposed merger between the two Australian wine companies, Evans & Tate and Cranswick Premium Wines Ltd, is moving towards completion. The two companies notified the Australian Stock Exchange that the formal process of due diligence is continuing and is expected to be completed by late-August.

Cranswick/ Evans & Tate - Combination therapy

2 Jul 2002

Evans & Tate and Cranswick Premium Wines had a choice. Merge to go forward or scale back and remain boutique operators. They have chosen the former. Chris Brook-Carter looks at where this leaves them as the Australian wine industry continues to consolidate.

AUSTRALIA: EVANS & Tate lease vineyard

2 Jul 2002

Australian Wine Holdings Ltd is to lease its Bridgeland vineyard in Margaret River in Western Australia to Evans & Tate Ltd. Evans & Tate, which is based in the Margaret River, will lease the vineyard for at least 10 years with two five year options for renewal. Established in 1999, Bridgeland is expected to reach full maturity in 2007, allowing for come blocks of Cabernet Sauvignon to be grafted to chardonnay at Evans & Tate's request.

AUSTRALIA: Evans & Tate and Cranswick announce merger

14 Jun 2002

The consolidation in the Australian wine industry has continued with the announcement of the merger of Evans & Tate Ltd and Cranswick Premium Wines Ltd to form Australia's eighth largest wine concern. The two companies are considered a good fit, with Evans & Tate's domestic strengths being complemented by Cranswick's international presence, notably in the UK, where its Barramundi brand is a major force, and Europe.

AUSTRALIA: Evans & Tate and Cranswick tipped to announce merger

13 Jun 2002

Australian wine companies, Evans & Tate and Cranswick Premium Wines, are tomorrow expected to confirm plans to merge.

AUSTRALIA: Cranswick and Evans & Tate in talks

5 Jun 2002

Australian wine producers, Evans & Tate and Cranswick Premium Wines, have confirmed that they are in talks which could lead to a commercial alliance or even a full-scale merger. Shares in the two companies surged after the news was confirmed.

US: Australian wine group acquires US distributor

13 Mar 2002

Australian wine group, Evans & Tate, has acquired the US wine distributor Scott Street Portfolio, a California-based company which specialises in importing Australian wine. Although it is subject to due diligence, the deal is expected to be finalised by the end of the month.

AUSTRALIA: Oakridge shareholders approve Evans & Tate merger

19 Sep 2001

Shareholders of Oakridge Vineyards Limited today approved an offer by fellow Australian winemaker Evans & Tate to acquire the Yarra Valley business. The resolution was passed unanimously, with 99.82% of all shareholders voting in person or by proxy in favour of the move.

AUSTRALIA: Evans & Tate look to US and acquisitions to drive exports

13 Sep 2001

Evans & Tate, the Australian listed wine company, is looking to move into the US market once more, possibly through a joint venture or acquisition, it was reported today. Comments by executive chairman Franklin Tate in theage.com indicated that an acquisition or investment, possibly in an importing business, could be finalised in the next three months.

Brewers at forefront of Australian drinks evolution

16 Jul 2001

The last 12 months has seen a massive change in the Australian drinks sector as the major companies have moved into new areas and pursued deals that have set the standard in the global drinks industry. But the second tier of producers, a vast army of small and medium sized wine producers for the most part, have struggled and analysts expect the next year to be one of consolidation. Just-drinks thought it would be a good opportunity to examine the state of the Australian drinks industry.

AUSTRALIA: Evans & Tate unveils A$3.6m play for Oakridge

7 Jun 2001

Australian winemaker Evans & Tate has offered A$3.6m (US$1.86m) in cash plus options to acquire the Yarra Valley wine producer Oakridge Vineyards. It has been known for some time that the Western Australian Evans & Tate has been looking to expand. The company is working towards controlling 610 hectares of vines, with a five year aim of producing between 200,000 and 500,000 cases of wine annually.

UK: Overall trophy for the best red wine of the competition at the 2000 International wine challenge, London

8 Sep 2000

Evans & Tate 1999 Margaret River Shiraz, which is scheduled for release this December, last night beat 4875 other red wines from around the world to win the overall trophy for the best red wine at the world's largest and most credible wine competition, Britain's International Wine Challenge."This accolade confirms the world-class standing of the wines we're making," said Evans & Tate Executive Chairman, Franklin Tate, who accepted the award at the presentation dinner.

Aus/UK: Marks & Spencer sign 2000-case deal with Australia's Evans and Tate

13 Jun 2000

UK retailer Marks and Spencer has signed an agreement with publicly-listed, premium Western Australian winery, Evans and Tate, for two red wines and a white to be marketed among the chain's upper-priced range of wines.Marks & Spencer is initially taking 2,000 dozen bottles of the wines - a Margaret River Cabernet Sauvignon Merlot and a Shiraz, both 1999 vintages, and a Western Australian 2000 unwooded Chardonnay.Evans & Tate Executive Chairman, Franklin Tate, said that the deal would "greatly assist Evans & Tate in its quest to become a major supplier of 'buyers own brand' wines from the Margaret River region".Chris Snow



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