This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

CEDC Signs A New 3-year Agreement With Gallo Vineyards Inc. For Exclusive Distribution In Poland

WARSAW, Poland, March 21, 2012 /PRNewswire/ -- Central European Distribution Corporation (NASDAQ:CEDC), one of the leading vodka producers in the world and a leading distributor of wine and spirits in Poland, has signed a 3-year contract with Gallo Vineyards Inc. for exclusive distribution of wines from Gallo Vineyards portfolio in Poland. On the basis of the contract, CEDC will continue to distribute the leading wine brand in the Polish market – Carlo Rossi - as well as other brands from the Gallo portfolio, including Barefoot wine.

"Our ongoing cooperation with Gallo Vineyards Inc. has resulted in the creation of the strongest, most recognized wine brand in the Polish market, which impacted the shape and direction of development of the whole wine market in Poland. We believe our strong partnership with Gallo Vineyards Inc. over the last 7 years and the continuation of the successful brand strategy for Carlo Rossi will enable us to further develop our presence in the wine market. The overall selection of Gallo Vineyards Inc. wines, which are an excellent fit in our diversified portfolio of premium alcoholic beverages, establishes a powerful foundation for expansion in a steadily developing wine market of Poland," – commented William Carey, President and CEO of CEDC.

CEDC is the leader of Poland's table wine market, with over 13%* market share in terms of value. Carlo Rossi brand, which was launched in Poland by CEDC, has been the wine market leader in terms of value for the last 5 years, significantly contributing to the growth of the total wine market in Poland. CEDC is also responsible for marketing and sales of Carlo Rossi wine in Russia, which is seeing strong growth trends in its second year of development.

Gallo Vineyards Inc., established in 1933 in California, is the world's largest winery, with exceptional expertise in the art of grape growing, winemaking, distribution and marketing of wines. With seven wineries strategically located in California's wine regions, Gallo produces wines in every category, offering diversified portfolio, covering needs of all types of consumers.

*Nielsen, 12 months ended January 2012

About CEDC

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs