By Nick Stride
Friday 22nd September 2000 |
Text too small? |
![]() |
"Certainly there are synergies," managing director Peter Hubscher said as Montana this week unveiled the $151 million acquisition.
"We expect to make some good savings but we need to get in there and have a good look around."
Corbans has sales of about $100 million and Montana reported revenue of $450 million for the June year. But Mr Hubscher said combining the companies could produce revenues higher than the sum of those two figures.
"We'll have to look at the mix. Montana has very strong brands but a shortage of supply. Corbans has weaker brands but their supply is more than adequate. They've been selling us bulk wine for some years," Mr Hubscher said.
"If we sell some of their products through our brands we might get a higher price overseas."
In the key British market New Zealand gets the highest per-litre price of any wine-producing country, fetching £5.50 compared with Australia's £4.44 and France's £3.69.
And Montana, Mr Hubscher said, has the highest average selling price in the New Zealand industry.
Deutsche Securities analyst Warren Doak said the acquisition would add upwards of $12 million to Montana's earnings before interest and tax, "but how far upwards remains to be seen."
The industry is expecting some redundancies.
No comments yet
AIA - June 2025 Monthly traffic update
CHI - Q2 2025 Operational Update
July 15th Morning Report
BPG - Blackpearl Acquires US AI Platform to Accelerate Growth
TGG - Response to media speculation
ARB - Annual Meeting Date and Director Nominations
CNU - Q4 FY25 Connections Update
MOVE FY25 Results and Investor Briefing 29 August 2025
RYM - First quarter trading update
July 11th Morning Report