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Two Australian Wine Giants Join in $778 Million Merger

Harvey Steiman
Issue: May 15, 2001

May 15th, 2001 Two Australian Wine Giants Join in $778 Million Merger Blockbuster deal uniting Southcorp and Rosemount changes the face of the country's wine industry When Southcorp bought Rosemount Estates for $778 million in late February and merged the family-owned competitor with its wine division, it became the third big Australian wine company in the space of a year to grow larger through acquisition.

For the full article, check out the new issue of Wine Spectator, on newsstands May 15, 2001.

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