Announced
Financials
Sources
Tags
Distillers and Vintners
winery
Acquisition
Domestic
Pending
Australia
Private
Single Bidder
Friendly
Private Equity
Majority
Synopsis
Endeavour, an alcoholic drinks retailer, hotel operator, and poker machine operator, agreed to acquire Cape Mentelle Winery, a winery of the Margaret River wine region, from Moët Hennessy, the wines & spirits division of LVMH, for $13.5m. "The acquisition of Cape Mentelle was an important next step in enhancing Paragon Wine Estate’s fine wine portfolio, giving the business a premium presence in Western Australia," Steve Donohue, Endeavour Group CEO and Managing Director.
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