Pernod completes sale of Lindauer

22 December, 2010

Pernod Ricard has announced the completion of the sale, by its affiliate Pernod Ricard New Zealand, of Lindauer and other New Zealand wine brands from Gisborne and Hawke’s Bay together with their inventories and assets.

The consortium of buyers is made up of Lion Nathan New Zealand and Indevin. The transaction was completed on 22 December for NZ$89 million, €50 million, paid in cash.

Lion Nathan is New Zealand’s number one brewer with brands such as Steinlager. Indevin claims to be New Zealand’s largest independent contracting winemakers and provides tailored wine making services to clients of all sizes. Indevin operates two “one stop” wineries in Marlborough and Hawke’s Bay with a capacity of 30,000 tonnes per annum.