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April 2001
News Briefs
Southcorp Merges with RosemountAustralia's Southcorp announced the formation "the world's largest premium branded wine company" through a merger with Rosemount Estates, Australia's largest family-owned winery. The combination of the two businesses followed Southcorp acquiring all the shares in Rosemount Estates for $A1.4 billion plus debt of around $A90 million.Southcorp will produce more than 10 million cases of premium wines and forecast revenue of more than $A1.1 billion per year.Rosemount's ...
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