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Diageo buys Rosenblum for £53m

By Jenny Wiggins, Consumer Industries Correspondent

Published: January 29 2008 02:00 | Last updated: January 29 2008 02:00

Diageo yesterday signalled its intention to dominate the US market for expensive wine by acquiring Rosenblum Cellars, one of the country's biggest producers of zinfandel, for $105m (£53m).

Ray Chadwick, president of Diageo's Chateau & Estate Wines group, said yesterday: "Our goal is to be the leading premium wine company in the US."

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