UK wine importer PLB has taken over rival company HwCg.
HwCg which owns brands including Blason de Bourgogne and acts as agent for high profile producers including Chile’s Montes has been placed into administration – with PLB picking up the company for an undisclosed sum.
PLB’s sales director Peter Bisley confirmed talks had been going on for some time. However both companies are currently in the process of informing customers and refused to say more.
PLB has agreed to buy the assets of HwCg from the administrator and hopes to take on HwCg’s staff but it is not yet clear whether any redundancies will be made.
It is thought HwCg was forced into administration after its Australian sister company Neqtar and SDS beverages collapsed in June owing about AUD$42 million.
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Written by Rebecca Gibb