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.

With the merger scheduled to be completed in January, the list of sale assets is unlikely to be drawn up for several months. Tate said the bedding down process for integrating the two companies would take about 12 months.

However it appears that the Cranswick brand Barramundi, Cranswick's distribution infrastructure in Britain, and its low cost of production would remain a part of the new entity.