Diageo said today it had agreed to buy Californian wine maker Rosenblum Cellars for $105 million.
The world's biggest alcoholic drinks maker said it anticipated that the deal would be "profit positive" during the fourth full-year of ownership.
Based in Alameda, California, Rosenblum Cellars was founded in 1978 and is one of the leading producers of rich and spic, deep red Zinfandel and Rhone wines in the United States.
It will be blended into Diageo's Chateau & Estate Wines division, part of its North American division, adding to Diageo's swathe of global wine brands.
The UK-based drinks maker also has a $7 billion bid on the table for Swedish state-owned Absolut Vodka.
