AUSTRALIA: Mildara Blass-Beringer to be World's No. 3 in $A2.56B deal

By Chris Snow | 29 August 2000

Foster's Brewing Group's Mildara Blass is to acquire premium US Producer Beringer Wines for a total of $A2.56b, creating the world's third largest wine group and the largest premium wine business.The acquisition, announced today, ends prolonged speculation about a major Australia-US wine companies merger and is likely to set off a series of further acquisitions and mergers as the world wine industry rationalises.

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Foster's Brewing Group's Mildara Blass is to acquire premium US Producer Beringer Wines for a total of $A2.56b, creating the world's third largest wine group and the largest premium wine business.The acquisition, announced today, ends prolonged speculation about a major Australia-US wine companies merger and is likely to set off a series of further acquisitions and mergers as the world wine industry rationalises.

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