Ringtail International, Stansfeld Scott to acquire Stone's Ginger Wine

Ringtail International, an equal joint venture company owned by Select Brands from Jamaica and Stansfeld Scott Inc of Barbados and the United States, is finalising the acquisition of Stone's Ginger Wine.

The cost of the deal was not disclosed but completion is expected by October 20.

Ringtail will acquire the global intellectual property rights of the brand from Accolade Wines, which is headquartered in Australia and produces brands including Hardy's and Banrock Station.

The move will boost production of alcoholic beverages in Jamaica.