The deal includes a minimum cash element of A$1.6m ($896,800), with shares in AWH accounting for the balance of the purchase price. The deal will not be finalised until AWH has completed valuations and due diligence. AWH expects the purchase to be concluded on or before 1 September 2002 and anticipates Chestnut Grove will contribute to earnings in the 2003 fiscal year. Chestnut Grove achieved sales of 10,000 cases in 2001 under its Chestnut Grove and Peppermint Creek brands.
Stay informed for just £1! *
Subscribe to Just Drinks for unbiased coverage of the global drinks industry, offering insights into the corporate strategies of beverage manufacturers and brands worldwide.
What’s included in your subscription:
- Unlimited access to Just Drinks content including daily global news, in-depth analysis, and interviews with C-suite executives
- Unbeatable coverage of categories from beer, wine and spirits to soft drinks and hot beverages
- Unrivalled drinks industry comment from leading sector specialists
Ready to stay informed? Subscribe now and gain access to exclusive content.
Have a subscription? Sign in
For further details on subscribing, click here. Need multi-user access? Explore our corporate subscriptions now.
*After your 1-month trial, your subscription will continue at £315 per year.
