Ann: DW8 to undertake strategic acquisition of Parton Wine Group, page-70

You'd also have to take into account the large interest payments made on the debt.

As this debt is now paid off from the CR, the Parton's group would be saving approx $500k per annum in interest payments.

Directly correlating to the bottom line for DW8. Streamlining the new business all into the DW8 platform will also allow some cost minimization overall in the long run.

Excited for the largest quarter of the year to have both WDA & Parton's in full flow (December).

Acquisitions are what make big companies bigger, and the integration isn't vertical - its horizontal. We could spend millions on marketing to try and get new customers and the hassle involved to come across may be a big detracting factor - or we could buy their entire business and market it differently. Dean style.

There can be many ways of looking at the announcement - but it will be a massive value add for DW8 for years to come. Give it time.