(Reuters) - Ste. Michelle will own 85 percent of the joint venture with
privately held Marchesi Antinori, a UST spokesman said. UST
already distributes Antinori wine in the United States.
The acquisition, while small, adds to UST's commitment to
its wine business, which represented about 16 percent of UST's
sales through the first half of 2007. Only four years ago, the
company was deciding whether to keep its wine business.
Read more at Reuters.com Bonds News
privately held Marchesi Antinori, a UST spokesman said. UST
already distributes Antinori wine in the United States.
The acquisition, while small, adds to UST's commitment to
its wine business, which represented about 16 percent of UST's
sales through the first half of 2007. Only four years ago, the
company was deciding whether to keep its wine business.
Read more at Reuters.com Bonds News
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