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  5. Woolworths Acquires Summergate Fine Wines and Spirit

M&A Deal Summary

Woolworths Acquires Summergate Fine Wines and Spirit

On December 3, 2014, Woolworths acquired beverage company Summergate Fine Wines and Spirit

Acquisition Highlights
  • This is Woolworths’ 2nd transaction in the Beverages sector.
  • This is Woolworths’ 1st transaction in China.

M&A Deal Summary
Date 2014-12-03
Target Summergate Fine Wines and Spirit
Sector Beverages
Buyer(s) Woolworths
Deal Type Add-on Acquisition

Target

Summergate Fine Wines and Spirit

Zhongshan Road, China
Summergate Fine Wines and Spirit is a distributor representing a portfolio of around 80 global brands. It also includes a small fine wine retail business, Pudao, with two stores in Shanghai and Beijing, as well as a small online and direct retail operation. Summergate has 13 offices and 11 distribution centres and employs more than 400 people. It was established in Shanghai in 1999 by Ian Ford and Brendan O’Toole, who have agreed to remain with the business.

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Buyer(S) 1

Buyer

Woolworths

Bella Vista, Australia
Category Company
Founded 1924
Sector Retail
Employees202,846
Revenue 69.1B AUD (2025)
DESCRIPTION

Woolworths is a provider of retail stores services. Woolworths was founded in 1924 and is based in Bella Vista, Australia.

DEAL STATS #
Overall 7 of 9
Sector: Beverages M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 6
Country: China M&A 1 of 1
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-22 EziBuy

Auckland, Australia

EziBuy Ltd. is a direct-to-customer retailer of apparel and homewares in both New Zealand and Australia, operating primarily via an online platform, catalogues and contact centres.

Buy NZ$350M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-28 Woolworths - 527 Fuel & Convenience Stores

Australia

Woolworths - 527 Fuel & Convenience Stores offers network of high-quality food products and loyalty program is an exciting future prospect for customers. Initially, the partners will launch a Metro at BP pilot program across 16 BP fuel and convenience sites and phase two of the program will expand the Metro at BP format across more than 200 sites.

Sell $1.3B
Mergr

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