Pernod Ricard offloads Lindauer
Published:  18 October, 2010

Pernod Ricard has sold its Lindauer New Zealand sparkling wine brand to a consortium composed of brewer and drinks distributor Lion Nathan New Zealand and contract winemaker Indevin.

The NZ$88 million deal includes a number of other minor wine brands from Gisborne and Hawke’s Bay.

Lion Nathan produces Steinlager and Speight’s beers and distributes leading brands including Smirnoff and Bacardi in the New Zealand market.

Indevin operates wineries in Marlborough and Hawke’s Bay.

Meanwhile, elsewhere in the New Zealand wine industry, Delegat’s Wine Estate is reported to be in the process of buying out the remaining shares it doesn’t already own in Oyster Bay. It already has a 54.9% stake.

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