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KWV sells German subsidiary Eggers & Franke

Published:  23 July, 2008

KWV, the South African wine and brandy producer, has sold its German subsidiary company Eggers & Franke.

Racke GmbH, a German firm which KWV has been working closely with, completed the purchase of Eggers & Franke on January 17.

KWV's chief executive Thys Loubser has been implementing a new company strategy over the last 12 months with a fresh management team and a new US distribution agreement.

The new entity will be known as Racke/Eggers & Franke and will allow KWV to grow its German business.

Eggers & Franke will offer an expanded product and distribution base in Germany.