April 30th, 2001 Grapevine Australian wine-giant Southcorp confirmed in late February that it is merging with Rosemount Estates, the second best-selling Australian brand in the United States. Southcorp is acquiring Hunter Valleybased Rosemount for about $778 million and combining it with its wine division, which includes Penfolds and Lindemans.
For the full article, check out the new issue of Wine Spectator, on newsstands April 30, 2001.
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