Business Services Industry
Argentina: Penaflor expands beverages business.
South American Business Information, June, 1999
Winery Penaflor, associated with DLJ (Donaldson Lufkin & Jenrette) is completing the acquisition of three beverage companies in Argentina, inclusive the fine wine brands Santa Ana, Michel Torino, Lavaque, and Trapiche. Lavaque family, controller of the wineries Lavaque and Michel Torino, would sell off a majority stake in the companies but keep thei management. The future beverages company would include the Cepita and Cipolletti soft drinks, the beverage companies from Cartellone group, and possibly Baesa the Pepsi Cola bottling in Argentina. There are two pending questions for Penaflor one referring to the botlling and distribution of Cadbury carbonated beverages Schweppes, Gini, and Crush that have been passed on to Coca Cola. The 2nd question refers to...
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