Wisynco Group has announced two strategic investments.
It has acquired a 30% equity stake in Ringtail Holdings Limited (RHL), the parent company of Select Brands and also acquired the business and production assets of Ringtail Bottlers, which includes exclusive co-packing rights for Stone's Ginger Wine and other products under Select Brands' ownership umbrella.
While Select Brands will continue to operate independently, Wisynco will have board presents at both Ringtail Holdings and Select Brands.
Wisynco says the alliance will explore various strategic and commercial synergies in the areas of distribution, products innovation, manufacturing, marketing and promotion.
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