date:Apr 28, 2014
od fits ideally within its multi-origin wine portfolio strategy.
In addition, this transaction illustrates Pernod Ricard's ability to seize tactical growth opportunities that can benefit our entire portfolio in key markets such as the United States, added Pringuet.
The companies expect to complete the acquisition before 30 June 2014. The transaction value has not been disclosed.
Kenwood currently produces a range of portfolio of premium Sonoma wines, which are primarily distributed in the US