“We are pretty comfortable with where we are at the moment in terms of wine,” said CEO, Gordon Cairns. The company acquired Australian wine companies, Petaluma and Banksia, and spent A$370m expanding its wine operations last year.
AUSTRALIA: Lion Nathan to hold off on more wine acquisitions
Australian beer and wine group, Lion Nathan, has said that it does not expect to make any further wine acquisitions in the immediate future, following the company's NZ$52m acquisition of New Zealand winery, Wither Hills, this week.
September 3, 2002