Consolidation Sweeps Wine Industry: Three Major Deals Total Nearly $2 Billion

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for the Oct. 31, 2000 issue

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James Laube
Issue: October 31, 2000

October 31st, 2000 Consolidation Sweeps Wine Industry: Three Major Deals Total Nearly $2 Billion The sale of Beringer to Foster's prompts other wine giants to seek deals In a single pivotal week for the California wine industry, some of the state's largest wine companies entered into three megadeals -- reaching an astonishing total of nearly $2 billion -- that could be the first moves in a new wave of consolidation and global diversification.

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