India's CIL acquires Britain-based winemaker
Wednesday, 21 May 2008, 01:47 IST
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Mumbai: India's oldest winemaker Champagne Indage (CIL), has acquired the consolidated assets of Britain-based Darlington Wines, a leading independent supplier of wines. The acquisition will strengthen CIL's overseas presence, after its three Australian acquisitions - Thachi wines in 2007 and Loxton winery and VinCrest in 2008. CIL managing director Ranjit S. Chougule said: "This is an exciting milestone for our company, and we are looking forward to scaling our growth with this acquisition. The consolidated assets will give us large scale route to market efficiency in a price competitive market such as the Britain."
Source: IANS
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