PLB PICKS UP HWCG

The Directors of HwCg have placed the company into administration. This decision has been driven by financial issues arising from their associated companies in Australia. In contrast to the Australian businesses, HwCg UK has been trading strongly.

HwCg and PLB have been in discussion for some time about how best to integrate their portfolios and activities. Now HwCg has had to go into administration, PLB has agreed to buy the assets of HwCg from the administrator. The key aim is to maintain continuity of supply for all customers and suppliers. PLB also aims to take on personnel from HwCg as PLB recognises the talent that lies within this well respected agency.

Whilst the circumstances of this action for HwCg have been difficult, the portfolios of the two businesses are an extremely good fit, having complementary supplier bases. This means PLB will have an exceptionally strong range from across the wine-producing world and can continue to offer customers an effective and stable supply base into the future.

Managing Director Peter Darbyshire comments, “Both companies have been very successful despite difficult economic conditions. It is our aim to not just maintain that success, but to build on it strongly.”