Now that Banksia has been fully integrated into its wine division following the purchase of Allied Domecq’s 15% stake in that company, Lion Nathan is able to restructure its wine operations and to improve savings through central purchasing of packaging items. It’s perhaps a sign of the times that timber cutters are getting into wine. Gunns, one of Australia’s timber giants, has bought the company founded by Tasmanian business man Josef Chromy, Tamar Ridge, for A$14.8 million. Wonder if they’ll be able to contain themselves come pruning season?
