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  • Central European Distribution Corp. (CEDC) Signs Agreement With Gallo Vineyards 0 comments
    Mar 21, 2012 5:31 PM | about stocks: CEDC

    Central European Distribution is Central and Eastern Europe's largest integrated spirit beverage company and also one of the biggest producers of vodka in the world. Moreover, the company is one of the leading importers of alcoholic beverages in Poland, Hungary, and Russia.

    The company today announced that it has signed a 3-year contract with Gallo Vineyards, Inc. (the world's largest winery) for exclusive distribution of wines from Gallo Vineyards in Poland. CEDC will continue to distribute the leading wine brand - Carlo Rossi - in the Polish market, as well as other brands from the Gallo portfolio of wines, including Barefoot wine.

    Central European Distribution is the leader in Poland's table wine market with over a 13 percent share in terms of value. The Carlo Rossi brand, which was launched by CEDC in Poland, has been the wine market leader in the country in terms of value for the past five years. It alone has been a key contributor to the growth of the wine market in Poland among consumers. CEDC also distributes the Carlo Rossi wines in Russia where it is seeing strong growth in its second year of distribution.

    The company has successfully partnered with Gallo Vineyards for the past nine years around the globe. Poland is just the latest example of their successful partnership with, the two companies hope, Russia to follow.

    For additional information about Central European Distribution, please visit the company's website at www.cedc.com

    Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html

    Stocks: CEDC
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