UB Group is setting up a wine-bottling unit at Baramati in Maharashtra. The plant will be set up in six months, as part of the second phase and it will require an investment of 5 million. The company plans not look at indulging in viticulture and would rather enter into buy-back arrangements with contract farms to source grapes.
UB Group has acquired French wine-maker Bouvet Ladubay for 15 million. Bouvet has a portfolio of sparkling and still wines and products from this stable will be introduced into India as bottled-in-origin packs as well as bulk wines for domestic bottling.
The Group has also acquired a facility in Scotland for 1.6 million, to ensure continuity in its supply of Scotch. The plant, under the umbrella of McDowell & Co (Scotland), would help the Group purchase fresh grain and malt spirits at economic prices and mature them in-house to suit the profile required in India.
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| Posted : 7/15/2006 |
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