The Government of Canada and the Province of New Brunswick are delivering real action for New Brunswick farmers by investing up to $772,680 to help tree fruit and grape growers meet new market demands.
Continue reading ‘Government invest $772,680 to revitalize New Brunswick orchards and vineyards’
Archive for the 'Canada' Category
Legacy Wine and Spirits International Ltd. (OTC BB:LWSP.OB - News) reports that it has signed an agreement with Legacy Wine and Spirits Merchants Ltd (”Legacy Merchants”), a Hong Kong-based Company, for the rights to a fifteen (15) year general license to import, bottle, blend, manufacture and distribute wine and spirits in China.
Continue reading ‘Legacy acquires license to sell wine and spirits in China’
First Venture Technologies Corp. (TSX-V: FEB) is pleased to report the final analysis of results from commercial product trials of its urea-degrading wine yeasts conducted in Chile during the spring 2007 winemaking season.
Continue reading ‘First Venture reports final results from 2007 commercial product trials in South America’
French winemaker Boisset, the first to introduce vintage wine in Tetra Pak containers to Canada, today launched French rabbit
“petit”, as demand for wine in innovative packaging expands to single serve containers.
Continue reading ‘French rabbit “petit” wine in 250ml launched in Ontario as demand for wine in innovative packaging expands to single serve containers’
According to the LCBO’s latest report, Spain has reached a 10 percent market share amongst wine importing countries
Continue reading ‘Sales of Spanish wines soar in Ontario’
First Venture Technologies Corp. (TSX-V:FEB) reports that the company’s proprietary
yeasts are being trialed by the Canadian wine industry.
Continue reading ‘First Venture reports product trials in Canada’
First Venture Technologies Corp. (TSX-V:FEB) reports that the Prince Edward Island Food Technology Centre (”FTC”) will be working with Canbiotech Consultants Inc. to develop process expertise for the purpose of determining commercial production protocols for First Venture’s proprietary yeasts. As part of its previously announced pre-feasibility study into the establishment of a commercial specialty yeast manufacturing facility, First Venture has engaged FTC to participate in research and process development that will be initially
funded through a National Research Council of Canada (”NRC”) contribution agreement.
Continue reading ‘First Venture engages PEI Food Technology Centre for pre-feasibility study and announces key Advisory Board appointment’
First Venture Technologies Corp. (TSX-V:FEB) reports that it now has signed agreements in place with numerous wine companies to conduct fermentation trials with the company’s proprietary urea and ethyl carbamate minimizing yeasts during this 2006 US harvest season.
Continue reading ‘First Venture reports numerous product trials with wine industry’
Environment Canada has approved the import and manufacture of a genetically modified yeast variety that is designed to reduce the levels of the carcinogen ethyl carbamate, a compound that can naturally occur in fermented foods and beverages, such as wine, beer and bread.
Continue reading ‘Canada approves GM yeast that combats cancer compound’
In 2005, wine sales have surpassed the sale of spirits for the first time in Canada, although the bulk of wine drinkers comes from one province – Quebec. Continue reading ‘Wine sales pass spirits for first time in Canada’
Figures confirm the trend of Spanish wine exports over recent years, with a growing focus on quality products.
Continue reading ‘US and Canada lead growth of Spanish wine sales abroad’
The Cork Supply Group is expanding into Canada to service the growing Canadian wine industry.
Continue reading ‘Cork Supply Group Expands Into Canada’
Canada is Firm’s Fifth Core Market, Businesses in Other Geographies
Folded into Regional Operating Companies
Constellation Brands, Inc. (NYSE: STZ), (ASX: CBR) recently announced its plan for the integration of acquired Vincor International operations around the world. Constellation completed the acquisition of Mississauga, Ontario, Canada-based Vincor International Inc. on June 5. On June 1, Vincor shareholders overwhelmingly voted to accept Constellation’s C$36.50 per share cash offer to buy the company.
Approximately 90 percent of Vincor’s 2,358 worldwide employees will be retained, with positions trimmed coming primarily from sales, marketing, administrative and production redundancies in the United States, United Kingdom and Australia, where Constellation’s operations are significantly larger in scale than Vincor’s. In Canada, where nearly 79 percent of Vincor’s total employment exists, 30 people will be impacted. In addition, 16 positions will be filled, with the net decrease of 14 positions in Canada, representing less than one percent of Vincor’s nationwide employment. Vincor’s Canadian operations have become “Vincor Canada,” and it is Constellation’s fifth core market, the others being the United States, United Kingdom, Australia and New Zealand.
Continue reading ‘Constellation Brands Announces Vincor Integration Plan’
Constellation Brands, Inc. (NYSE: STZ) today announced that Donald L. Triggs, 62, chief executive officer of Vincor International Inc., has chosen to pursue other opportunities and leave the company now that the acquisition of Vincor has been completed. In a letter to Vincor employees, Triggs applauded their accomplishments and pointed out, “… there is no doubt in my mind that Vincor will prove to be the most brilliant star in the Constellation Galaxy.”
Continue reading ‘Vincor Founder Donald L. Triggs Opts to Leave’
Constellation Brands, Inc. (NYSE: STZ) today announced it has, through a wholly owned subsidiary, completed its acquisition of all of the issued and outstanding common shares of Vincor International Inc. (”Vincor”), Canada’s premier wine company, for C$1.227 billion. Constellation acquired all of the issued and outstanding common shares of Vincor at a cash price of C$36.50 per common share. At closing, Vincor’s net debt was C$344 million. Vincor’s net debt included amounts associated with payments of certain transaction related fees and payments in respect of Vincor stock options, restricted share units, deferred share units and director share units. The total transaction value was C$1.58 billion, which included equity, Vincor net debt and Constellation’s estimated direct acquisition costs of approximately C$13 million. Earlier in the day, Vincor and Constellation received Canadian court approval to finalize the transaction, which followed Vincor shareholders’ overwhelming approval of the transaction on June 1.
Continue reading ‘Constellation Brands Completes Vincor Acquisition’
At a special meeting held today in Toronto, Vincor International Inc. shareholders overwhelmingly voted in favor of the arrangement transaction pursuant to which Constellation Brands, Inc. (NYSE: STZ) will acquire all of the shares of Canada’s premier wine company at a price of C$36.50 per share. Of the votes cast at the meeting, more than 95 percent of Vincor shares were voted in favor of this transaction, which is expected to close early next week.
Continue reading ‘Vincor Shareholders Overwhelmingly Approve Purchase by Constellation Brands’