Article: AUSTRALIA'S FOSTERS ACQUIRES INTERNATIONAL WINE ACCESSORIES.

MELBOURNE, July 4 Asia Pulse - Legendary Australian brewer and aspiring wine giant company Foster's Group Ltd (ASX:FBG) has announced the acquisition of International Wine Accessories for $A35 million ($US18.08 million) as part of its ongoing bolt-on strategy for expanding its wine operations.

The Melbourne-based group said the acquisition was expected to be earnings per share positive from day one.

IWA will be managed through Foster's wine unit, Beringer Blass Wine Estates, as part of its global wine clubs division.

The company is a provider of wine cellars, wine racks, cooling units, specialist glassware, corkscrews and other wine-related ...

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