Feb 2003 Issue of Wine Business Monthly
More Consolidation: Constellation, BRL Hardy to Form Largest Global Wine Company based in AustraliaIn a development sure to have profound implications for the global wine business, Constellation Brands announced plans to acquire BRL Hardy, Australia's largest wine producer. The transaction will bring Constellation's sales to $3.2 billion annually and make it the world's largest wine company at $1.7 billion in wine sales. Constellation has offered shareholders of BRL Hardy A$10.50 per share--appr...
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