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Giesen seeks the right buyer
27 August, 2008
Page 5
The Giesen family has appointed Rabobank to handle the sale of its Marlborough winery, but says it will continue with the business if the price isn't right.
The company was founded 26 years ago by three brothers Theo, Alex and Marcel, and there have been "unsolicited approaches" for the business in recent years, with increased interest this year.
General manager Jim Veitch said: "There is potential for further expansion of the business, with extension into new markets and product range.
"On a regular basis we receive enquiries from new markets such as China, France and Sweden. The Canadian market also offers significant potential."
"The opportunity to purchase a company with Giesen's track record is limited in the New Zealand wine industry." he added.
Giesen exports most of its current 350,000-case annual sales, with Australia, the US and UK the main markets.
The company was founded 26 years ago by three brothers Theo, Alex and Marcel, and there have been "unsolicited approaches" for the business in recent years, with increased interest this year.
General manager Jim Veitch said: "There is potential for further expansion of the business, with extension into new markets and product range.
"On a regular basis we receive enquiries from new markets such as China, France and Sweden. The Canadian market also offers significant potential."
"The opportunity to purchase a company with Giesen's track record is limited in the New Zealand wine industry." he added.
Giesen exports most of its current 350,000-case annual sales, with Australia, the US and UK the main markets.
