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Mumbai, May 16, 2008: Champagne Indage Limited (CIL), India’s oldest and largest, pioneering wine making company announced its third Australian acquisition today through its overseas subsidiary. It has bought over Australia’s VineCrest, a premium boutique winery at the Barossa valley, in an all cash transaction. The acquisition will facilitate CIL (Australia) to base its operations in Barossa, the most sought after and highly awarded wine growing region of Australia, and provide a premium image to all the Thachi brands produced in Australia.
VineCrest, situated in Barossa Valley is a highly rated boutique winery and vineyard in South Australia. Having won over 100 awards, commendations and medals in the past five years, VineCrest specialises in premium quality Barossa Shiraz, Sparkling Shiraz, Cabernet Sauvignon, Merlot, Semillon and Late Harvest (desert wine) as well as a distinctive Sweet Red and Ruby and White Ports. Ranjit S Chougule, Managing Director, Champagne Indage Ltd. said, “The acquisition of VineCrest is yet another strategic step towards expanding our global portfolio of iconic brands. Our interest in VineCrest is due to the fact that they have been producing some of the finest quality of wines over the years and therefore are highly reputed all over Australia.
The business comes with the premium Barossa Valley vineyards and therefore all operations will take place at the estate level. Besides, their cellar door sale will ensure that the consumers have direct access to the wines, cutting down on the distribution costs to a large extent.” CIL recently made similar acquisitions by buying out Thachi wines and the Loxton winery consecutively, both in Australia. The Thachi brands include - Broken Earth, Red Skies and South Bay that are being rolled out across the globe including India.
About Champagne Indage Ltd: Champagne Indage Ltd. is India’s largest and oldest wine company, established in 1982. With vineyards spread over 2500 Hectors, CIL has its facilities in Narayangaon, Nasik and Himachal Pradesh with 20 varieties under commercial plantation and over 137 varietals under nursery cultivation. It has presence across the globe with 10 offices and more than 600 employees. Winner of 49 International Awards, the company is a pioneer in producing authentic Indian wines, with more than 36 brands of red, white and ‘sparkling wines under their portfolio which covers the lowest to highest price points within the Indian wine market. The company has deployed the state-of-the-art technology at its manufacturing facility with the largest wine production facility in India, with a capacity of 15 million litres at Narayangaon with a bottling capacity of 15,000 bottles per hour and multiple manufacturing facilities across India, which ensures minimal lead time and consistency in supplies across the country. It has also recently launched a domestically produced vodka brand called 'Just' and 'Carrera xxx' rum. Champagne Indage is the first sparkling wine producing and exporting company of India, exporting to 69 countries across the globe. Their range of exquisite wines like Chantilli, Ivy, the flamboyant Marquise de Pompadour and many more have won flurry of awards ranging from the International Wine and Spirit Competition (IWSC), held annually at London to Wine Style Asia from Singapore to national levels at the INDY’s. It also holds the honour for being listed in the world wine encyclopedia and is revered by wine critiques from Jancis Robinson to Oz Clarke.
About VineCrest Fine Barossa Wine: VineCrest, established in the late 1960’s is a boutique family owned winery producing premium wines of individual character and style from their own vineyards situated in the heart of the Barossa Valley. Achieving many awards, the winery's direction is focused on Fine Barossa Wine which forms part of the winery's registered name. VineCrest has received several accolades such as that from the Winestate magazine which rated VineCrest Sparkling Shiraz with 5 Stars, adding to the 41/2 star rating for their 1999 and 2001 VineCrest Semillon and 2002 VineCrest Merlot.
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