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INTERNATIONAL DISTILLERS & VINTNERS SETS UP NEW DISTRIBUTION NETWORK IN THE FAR EAST

INTERNATIONAL DISTILLERS & VINTNERS SETS UP NEW DISTRIBUTION NETWORK
 IN THE FAR EAST
 NEW YORK, Feb. 26 /PRNewswire/ -- February 26, 1992 - International Distillers & Vintners, the Drinks Sector of Grand Metropolitan PLC, has announced new moves in the development of its own network for the distribution of its brands in the Far East. IDV has agreed to acquire Ekpac Food & Wine Ltd in Hong Kong and Food & Beverage (Pte) Ltd in Singapore which has distribution facilities in Singapore, Malaysia and Indonesia. IDV has also agreed to a joint venture and distribution arrangement with Masterbrands Co Ltd in Thailand.
 Christopher Pearman, IDV's Regional President for Asia Pacific, said "these are all excellent distribution companies with strong franchises in their particular markets and we are delighted to be working with their management teams, whom we have known for some time. These companies already have distribution agreements for a wide range of successful brands and we are sure that they will be strengthened by the inclusion of IDV brands in the portfolio.
 "We regard these countries as very important markets offering major potential for IDV, particularly since consumer demand for our premium brand portfolio is growing there among the increasingly important younger generation. We expect the trend already seen in Asia of young people enjoying a wider range of brands will continue through the '90s. The breadth of IDV's portfolio is second to none in the Far East."
 John McGrath, IDV's Managing Director and Chief Operating Officer, said "this move is in keeping with IDV's strategy for the worldwide marketing and distribution of our brands and follows similar initiatives with New Zealand Wines & Spirits, with Nikka in Japan and with the recently announced agreement to purchase the outstanding shareholding in Cinzano. The establishment of our own network of distribution companies in the Far East will put IDV in an excellent position to exploit the major opportunities in this increasingly important region."
 Major IDV brands including J & B Rare, Smirnoff, Baileys and Malibu will be transferred to the new distribution companies from March 1, 1992, although the exact portfolio of IDV brands in each company will differ according to the market. The distribution companies will also carry a range of third party agency brands.
 The terms of the transaction, which are not being disclosed, are not material to Grand Metropolitan PLC shareholders' funds.
 Grand Metropolitan PLC, one of the largest international companies in the United Kingdom and a world leader in drinks, retailing and food, has sales of more than $15 billion. U.S. subsidiaries include ALPO Petfoods, Burger King, Carillon Importers, Haagen-Dazs, Heublein, The Paddington Corporation, Pearle, Inc., Pillsbury, and GrandMet Foodservice USA.
 EDITORS NOTE: International Distillers & Vintners is the Drinks Sector of Grand Metropolitan PLC, the international food, drinks and retailing group. IDV is established in 44 countries and, through national distribution companies and in joint venture partnerships, it markets a wide portfolio of its own and agency brands across the world, including Smirnoff Vodka, J & B Rare Scotch Whisky, and Baileys Original Irish Cream. IDV's other international brands include Malibu, Croft Ports and Sherries, Gilbey's Gin, Le Piat d'Or, Bombay Gin, The Singleton of Auchroisk and Dunhill Old Master Scotch Whisky.
 Ekpac Food & Wine Ltd was formed in Hong Kong in early 1990 by Ekpac, a Swedish trading company primarily engaged in engineering supplies, to take over Parry Pacific Ltd, an established food and beverage importer of over 10 years standing. Ekpac Food & Wine was acquired by Anglo Asian Distributors in June 1991.
 Brand portfolio will be:
 IDV THIRD PARTY
 Baileys Apollinaris
 Smirnoff Bollinger
 Cinzano Chartreuse
 J & B Rare Cognac Frapin
 Gilbey's Gin Frescobaldi
 Bombay Gin William Fevre
 Malibu Glen Ellen
 Dunhill Mommessin
 Piat D'Or
 Christian Brothers
 Beaulieu Vineyard
 Almaden
 Inglenook
 Delaforce Port
 Croft Port & Sherry
 Lancers
 Archer's
 Sambuca Romana
 Food & Beverage (Pte) Ltd was incorporated in Singapore in 1969 as a private company specializing in the importation and marketing of wines and spirits and was acquired by Anglo Asian Distributors in November 1990. Food & Beverage has developed a strong foothold for the supply of fine wines to the hotel and restaurant trade. In addition to Singapore, Food & Beverage has a distribution network in both Malaysia and Indonesia.
 Brand Portfolio will be:
 IDV THIRD PARTY
 J & B Fernet Branca
 Bombay Gin Miguel Torres
 Malibu Louis Latour
 Baileys Ruffino
 Dunhill Guilbaud Freres
 Smirnoff Pol Roger
 Cinzano Lindemans
 Piat d'Or Bardinet
 Christian Brothers Swan
 Archer's Grolsch
 Gilbey's Gin Cutty Sark
 Knockando Emu Beer
 Lancers Castlemaine XXXX
 Beaulieu
 Inglenook
 Almaden
 Croft Port & Sherry
 Delaforce
 Sambuca Romana
 Masterbrands Co Ltd was registered in Thailand in December 1989 as an importer of wines and spirits.
 Anglo Asian Distributors, which acquired 25 percent in 1990, has agreed to sell its shareholding to IDV which is also acquiring equity from the founding shareholders.
 Brand portfolio will be
 IDV THIRD PARTY
 J & B Jack Daniel's Tennessee Whiskey
 Knockando Southern Comfort
 Malibu Early Times Bourbon
 Gilbey's Gin William Grant's Scotch Whisky
 Baileys William Grant's 12 YO Scotch Whisky
 Dunhill Glenfiddich Pure Malt Scotch Whisky
 Smirnoff Glenfiddich 18 YO Pure Malt Scotch Whisky
 Piat d'Or Camus Cognac
 Lancers Chabot Armagnac
 Cinzano Bols Liqueurs
 Seppelt Australian Wines
 Bouchard Aine Burgundy and
 Bourdeaux Wines
 Louis Roederer Champagne
 De Ladoucette Loire Valley Wines
 -0- 2/26/92
 /CONTACT: Peter Seremet (USA), 203-231-6668, Dillon Welchman (UK), 011-44-71-935-4446, or Ian Stevens (Singapore), 011-10-65-732-0689/ CO: Grand Metropolitan PLC ST: New York IN: FOD SU:


KH -- MN007 -- 2735 02/26/92 10:50 EST
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Date:Feb 26, 1992
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