"The
acquisition of VineCrest is yet another strategic step towards expanding
our global portfolio of iconic brands," said Champagne
Indage Managing Director Ranjit Chougule.
VinCrest is a fine Barossa wine
producer known for its Shiraz, Semillon, Semillon- Sauvignon and even
Merlot which is not easily produced in India.
The company has not announced
the amount spent for the acquisition.
Earlier, as reported in delWine,
it had acquired Thachi wines last year and Loxton Australian wineries
a couple of months ago, subject to due diligance. It further
plans to acquire wineries in South Africa and UK.In fact. it has just acquired
the consolidated assets of UK based Darlington Wines, an importer whose
business is fully backward and forward integrated for wine imports under
own labels to bottling, warehousing and distribution enabling it to sell
Indage's own brands from the 3 Australian wineries.
Exhibiting at London Wine Fair
The company plans to
showcase products from Thachi and Loxton at the London Wine Show to be
held from 20-22 May at the Excel Center. Some of the other labels
to be showcased are Marquise De Pompadour (MDP), Tiger Hill, Indage Reserve,
Chantilly, Riviera, Ivy and the internationally renowned, Omar Khayyam.
Says Ranjit Chougule, Managing Director of Champagne Indage Ltd, 'We
are looking forward to the LIWF as it will provide us with a global platform
to help us position India as one of the prominent wine producing countries
on the global map"
CIL today produces white, red, sparkling and rosé wines of several
varieties and has nearly 36 labels in its portfolio |